5220 Rawson Ave | Franklin, WI 53132
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- LoopNet Team
5220 Rawson Ave
Franklin, WI 53132
CVS Franklin, WI | $7.7M | ±17 Years | NNN · Retail Property For Sale
Investment Highlights
- ABS NET LEASE - There are ±17 yrs remaining on the lease with 10 (5-yr) options to renew. Absolute net lease with no landlord responsibilities
- AFFLUENT INFILL MILWAUKEE MSA MARKET - 12.8 mi SE of Downtown Milwaukee in Milwaukee County, most populous county in Wisconsin with ±1M residents
- LIMITED CVS COMPETITION - The only free-standing CVS drugstore w/in a 7-mi radius. Other CVS locations in the direct area are located w/in a Target
- SOLID PERFORMING LOCATION – 20-YR EXTENSION - CVS extended the lease for a fresh 20-year term in 2019 which speaks to the strength of this store
- NO RENT HOLIDAY, FREE & CLEAR OF DEBT - This lease does not include a rent holiday and it is also being delivered free and clear of debt
- SOLID EMPLOYMENT BASE – Franklin is home to Northwestern Mutual Life Insurance's 886K SF campus where ±2K ppl work & located 5.3 mi SE of the subject
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
13,456 SF
Building Class
B
Year Built
2009
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
1.45 AC
Zoning
Commercial
Parking
34 Spaces
Frontage
263 FT on Rawson Ave
Amenities
- Drive Thru
PROPERTY TAXES
| Parcel Number | 741-9996-002 | Improvements Assessment | $6,177,800 |
| Land Assessment | $422,200 | Total Assessment | $6,600,000 |
PROPERTY TAXES
Parcel Number
741-9996-002
Land Assessment
$422,200
Improvements Assessment
$6,177,800
Total Assessment
$6,600,000
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