Net Leased Walgreens Offering 3805 80th St
19,374 SF Retail Building Kenosha, WI 53142 $5,183,333 ($268/SF) 6% Cap Rate
![3805 80th St, Kenosha, WI for sale - Primary Photo - Image 1 of 1](https://images1.loopnet.com/i2/eIngr15ESiGR8GV89oOm2bJdL14Z4WS9hqqg8v403c0/110/3805-80th-St-Kenosha-WI-Primary-Photo-1-Large.jpg)
INVESTMENT HIGHLIGHTS
- Net Leased Offering
- Seller will Provide 50% LTV Financing
- $5,592,102 in Reported Sales
- Corporate Guarantee - NASDAQ:WBA
- Tenant Exercised Second Option - Showing Commitment to Site
- Located within Greenwood Shopping Center
EXECUTIVE SUMMARY
The Kase Group is pleased to present the opportunity to purchase a well
established Walgreens location in Kenosha, Wisconsin. The lease is
corporately guaranteed by Walgreens and expires in September 2030 with
ten, 5-year options left. This Walgreens is located on a hard corner within the
Greenwood Shopping Center, a small neighborhood center, and neighboring
tenants including KFC, Dollar Tree, Ace Hardware, Festival Foods, Chase
Hardware, Burger King and more.
established Walgreens location in Kenosha, Wisconsin. The lease is
corporately guaranteed by Walgreens and expires in September 2030 with
ten, 5-year options left. This Walgreens is located on a hard corner within the
Greenwood Shopping Center, a small neighborhood center, and neighboring
tenants including KFC, Dollar Tree, Ace Hardware, Festival Foods, Chase
Hardware, Burger King and more.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
19,374 SF
Building Class
C
Year Built
1978
Price
$5,183,333
Price Per SF
$268
Cap Rate
6%
NOI
$311,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.34
Lot Size
1.32 AC
Zoning
B-1
Parking
268 Spaces (13.83 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Signage
- Signalized Intersection
NEARBY MAJOR RETAILERS
![Chase Bank Chase Bank](https://images1.loopnet.com/i2/bw7biemERZsLn6pwfbqBPxA99wBdOhsB0H3fRLW4AE8/105/image.png)
![North Shore Bank North Shore Bank](https://images1.loopnet.com/i2/CLUIEST9_ZzpDGU-IpAE1vuYPCoUpPLbD31KsjJo-rU/105/image.jpg)
![U.S. Bank U.S. Bank](https://images1.loopnet.com/i2/rZttZINYn_GHjJVkNtyEXopTYiFoq89bwYlwRKVtM5w/105/image.png)
![Festival Foods Festival Foods](https://images1.loopnet.com/i2/43Uf3iQmMwiOZWziUKLBmCTnco5ChpvJA5weBQRw78w/105/image.jpg)
![Starbucks Starbucks](https://images1.loopnet.com/i2/V11gp9X1QvF-sYuRU43vwjphTt976BD4p9n50Z1aR1w/105/image.png)
![Planet Fitness Planet Fitness](https://images1.loopnet.com/i2/mI-eH_nkP7789gshZlcteLVsjZjHJUEb3jQt9-HjM2U/105/image.png)
![BMO BMO](https://images1.loopnet.com/i2/T-ADtBuyLNdYRr3JQDXZiEQ5X8OE3O7bw3BEJmwD2QA/105/image.png)
![Piggly Wiggly Piggly Wiggly](https://images1.loopnet.com/i2/xBzWQp7g311yWGi3iKWcCnafcZsS5NtNbuBiTVb1kvw/105/image.png)
![Buffalo Wild Wings Buffalo Wild Wings](https://images1.loopnet.com/i2/SBO3SkJPnz2kcKncVK1nA8u8OVDHJ1Etel5XjdIXBhk/105/image.png)
![George Webb Restaurants George Webb Restaurants](https://images1.loopnet.com/i2/r41DF39wPBrxQayptV4oL2wMLiKOnXjOumirp6eZ6rk/105/image.png)
PROPERTY TAXES
Parcel Numbers | Improvements Assessment | $4,700,000 | |
Land Assessment | $774,000 | Total Assessment | $5,474,000 |