819 N Memorial Dr - Drug Store FOR SALE
Racine, WI 53404 |
819 N Memorial Dr
Racine, WI 53404
HIGHLIGHTS
- Single-Tenant Freestanding 'Dark' Walgreens Strategically Located 25 Miles South of Milwaukee
- Building Sits on the Hard-Corner of State Street (14,000+ VPD) and North Memorial Drive (17,000+ VPD), Neighboring the Racine Transit Center
- Tenant Will Continue to Pay Rent and Maintain Absolute Triple Net (NNN) Responsibilities Until 12/31/2025
- The Property is Located in an Opportunity Zone, Which Allows Investors to Receive Tax Benefits By Funding Development or Redevelopment Projects
- Strong Demographics, Including Over 83,000 People Located Within a 3- Mile Radius with an Average Household Income of Over $72,000
FOR SALE DETAILS
PRICE
-
CAP RATE
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% LEASED
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TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Walgreens (Dark) - Racine, WI
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Drug Store
ADD'L SUBTYPES
Freestanding, Medical
TOTAL BUILDING SIZE
13000
STORIES
1
YEAR BUILT
1993
SPRINKLERS
-
PARKING SPACES
50
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
-
APN/PARCEL ID
276-000007857000
