Net Leased Walgreens Offering 3805 80th St

19,374 SF Retail Building Kenosha, WI 53142 $5,183,333 ($268/SF) 6% Cap Rate

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.

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
428 FT on 39th Ave.

AMENITIES

  • Signage
  • Signalized Intersection

NEARBY MAJOR RETAILERS

Chase Bank
North Shore Bank
U.S. Bank
Festival Foods
Starbucks
Planet Fitness
BMO
Piggly Wiggly
Buffalo Wild Wings
George Webb Restaurants

PROPERTY TAXES

  • Listing ID: 33433953

  • Date on Market: 10/7/2024

  • Last Updated:

  • Address: 3805 80th St, Kenosha, WI 53142