230 Madison St
Waukesha, WI 53188
Walgreens | Strong Operating History · Retail Property For Sale

CBRE is pleased to present exclusively for sale this Walgreens located on Madison Street in Waukesha, Wisconsin. This is a double-net lease with minimal landlord responsibilities or expenses. Walgreens recently executed a lease amendment extending their primary term for an additional 12 years with 8x5 year options to renew. The lease is corporately guaranteed by Walgreens, an Investment Grade Credit Tenant rated BBB by Standard & Poor' s. Walgreens is situated on an oversized 2 acre parcel at the signalized intersection of Madison Street, W North Street and Delafield Street with traffic counts of 14,500 vehicles per day. The property has excellent access and visibility with three points of ingress/egress. This is a densely populated area with 18,727 people in the 1 mile ring, 69,324 in the 3 mile ring and 109,105 in the 5 mile ring. Walgreens is situated just 0.5 miles from The Waukesha Memorial Hospital, a general medical and surgical hospital with 287 beds. It is also within walking distance from the Downtown Transit Center and the only major drugstore within a 2 mile radius. Surrounding national retailers include Family Dollar, Qdoba, Jimmy Johns, Mobil and BP. Carroll University, a private liberal arts college with over 3,500 students enrolled is also located 1 mile from the subject property.