S70W15775 Janesville Rd - Freestanding FOR SALE


Muskego, WI 53150
$3,580,000 USD
323-620-9845
S70W15775 Janesville Rd, Muskego, WI for Sale
$3,580,000 USD
Freestanding - FOR SALE
1/2
null | 7.45% Cap Rate

S70W15775 Janesville Rd
Muskego, WI 53150


HIGHLIGHTS

  • Freestanding pharmacy location with strong daily-needs demand supported by affluent residential neighborhoods.
  • Positioned at a high-visibility four-corner intersection with traffic counts surpassing 89,000 vehicles per day.
  • Absolute NNN lease structure providing fully passive ownership secured by a national retailer.
  • Long-term stability supported by scheduled rent increases and multiple renewal options.
  • Oversized parcel offering abundant parking and future redevelopment flexibility.
  • Only stand-alone pharmacy serving this portion of Muskego, reinforcing long-term market defensibility.

OVERVIEW

This single-tenant Walgreens in Muskego presents an outstanding net-lease investment in one of Southeast Wisconsin’s most desirable suburban corridors. Positioned at the signalized hard-corner of Sandalwood Drive and West Janesville Road, the property benefits from exceptional frontage, clear visibility, and strong daily-needs consumer patterns supported by more than 89,000 vehicles per day across the intersection and nearby arterial routes. The surrounding retail corridor is anchored by established national brands and complemented by well-maintained residential neighborhoods, generating predictable weekly visits and a durable customer base. Walgreens operates from an attractive freestanding building constructed in 2007, featuring a drive-thru and occupying an oversized 1.98-acre parcel that enhances long-term optionality. As the only standalone pharmacy serving this section of Muskego, the site holds a uniquely defensible position within an affluent market defined by high homeownership, strong incomes, and sustained demographic stability. The city’s median household income, paired with its proximity to major employment centers in both Waukesha and Milwaukee Counties, reinforces the reliability of daily-needs retail activity. The absolute NNN lease structure places all responsibilities on the tenant and provides passive, predictable income secured by a nationally recognized operator with more than 8,500 locations. Current annual rent of $266,760 delivers a 7.45 percent cap rate, increasing through scheduled rent bumps throughout the term. With nine years and seven months of primary lease term remaining and twelve five-year renewal options, the location is positioned to remain a cornerstone of the community for decades. This offering combines irreplaceable hard-corner positioning, strong corporate tenancy, and a high-performing suburban trade area, presenting investors with an opportunity to secure stable, long-term income backed by a proven daily-needs retailer.

FOR SALE DETAILS

PRICE

$3,580,000 USD

PRICE/SF

$267 USD /SF

CAP RATE

7.45%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

44

LAND DETAILS

LAND ACRES

1.98 AC

LAND SF

86,235 SF

ZONING

B2

APN/PARCEL ID

MSKC-2172-030-001

ASK ABOUT THIS PROPERTY

Matthew MayMay Realty AdvisorsMore Info
323-620-9845

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Matthew MayMay Realty AdvisorsMore Info
323-620-9845

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.