Walgreens Whitewater, WI | 1041 W Main St
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Walgreens Whitewater, WI 1041 W Main St
15,123 SF Retail Building Whitewater, WI 53190 $3,600,714 ($238/SF) 6.30% Cap Rate
Investment Highlights
- Walgreens’ NNN lease recently commenced in November 2023 and features ±14.0 years of term remaining.
- Located along West Main Street (9,800 VPD), where it is roughly a half mile west of Franklin Street (3,800 VPD) & less than 1.5 miles north of US-12.
- Walgreens is surrounded by over 3,300 households within a 1-mile radius, placing a substantial built-in customer base within walking distance.
- 5% rent increases every 5 years throughout the term and in each of the twelve 5-year renewal options.
- The immediate corridor is highlighted by the 400-acre University of Wisconsin - Whitewater (Enrollment: 11,000+).
Executive Summary
CBRE is pleased to offer for sale the 15,123-square-foot Walgreens situated on 1.04 acres in Whitewater, WI. Walgreens’ NNN lease recently commenced in November 2023 and features ±14.0 years of term remaining with 5% rent increases every 5 years throughout the term
and in each of the twelve 5-year renewal options.
and in each of the twelve 5-year renewal options.
Data Room Click Here to Access
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
15,123 SF
Building Class
B
Year Built
2000
Price
$3,600,714
Price Per SF
$238
Cap Rate
6.30%
NOI
$226,845
Tenancy
Single
Building Height
1 Story
Loading Docks
2 Exterior
Building FAR
0.33
Land Acres
1.04 AC
Parking
25 Spaces (1.65 Spaces per 1,000 SF Leased)
Frontage
296 FT on W Main St
Amenities
- Signalized Intersection
PROPERTY TAXES
| Parcel Number | /A43800001 | Improvements Assessment | $1,524,500 |
| Land Assessment | $523,100 | Total Assessment | $2,047,600 |
PROPERTY TAXES
Parcel Number
/A43800001
Land Assessment
$523,100
Improvements Assessment
$1,524,500
Total Assessment
$2,047,600
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Brian Pfohl -
Thomas Carr -
Christopher Bosworth -
Power Broker Brian Wolff -
Eric Dyer -
Leah Lindell -
CBRE
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Walgreens Whitewater, WI | 1041 W Main St
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