Walgreens
14,550 SF | Retail Building | Cedarburg, WI 53012 | $5,625,000 ($387/SF) | 7.24% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $5,625,000
- Property Type
-
Retail
- Square Feet
- 14,550 SF
- Price / Square Foot
- $387
Listing Contacts
Joseph Compagno
Verified Profile
Ben Farthing
Verified Profile
Owen Littrell
Verified Profile
- Property Info
Property Overview
- Single-tenant Walgreens investment opportunity, offering an absolute triple-net (NNN) lease with ±10.5 years of initial term remaining.
- Walgreens (Nasdaq: WBA) is the largest retail health, pharmacy, and daily living destination across the United States and Europe. The company generates over $139 billion in annual revenue and ranks #60 on the Fortune 500 (Source: investor.walgreensbootsalliance.com).
- The Property is located on Washington Ave, which is the primary thoroughfare in Cedarburg that runs south to Milwaukee.
- Average household income of $137,527 in a 5-mile radius of the Property (Source: Esri).
- The Property is located just south of a Piggly Wiggly grocery store. Piggly Wiggly is owned by C&S Wholesale Grocers and is the 8th largest privately held company in the United States, as listed by Forbes. There are other strong National retailers in the immediate area to include: McDonald’s, Anytime Fitness, Take 5 Oil Change, Speedway, Subway, and more.
- Concordia University is located less than 10 minutes southeast of the Property with ±8,004 students (Source: cuw.edu) and Ascension Columbia St. Mary's Hospital - Ozaukee Campus with ±121 beds (Source: ahd.com).
- Cedarburg High School is located approximately 5 minutes north of Walgreens with ±1,089 students enrolled (Source: usnews.com).
- Cedarburg is located approximately 20 miles north of Milwaukee.
- Walgreens (Nasdaq: WBA) is the largest retail health, pharmacy, and daily living destination across the United States and Europe. The company generates over $139 billion in annual revenue and ranks #60 on the Fortune 500 (Source: investor.walgreensbootsalliance.com).
- The Property is located on Washington Ave, which is the primary thoroughfare in Cedarburg that runs south to Milwaukee.
- Average household income of $137,527 in a 5-mile radius of the Property (Source: Esri).
- The Property is located just south of a Piggly Wiggly grocery store. Piggly Wiggly is owned by C&S Wholesale Grocers and is the 8th largest privately held company in the United States, as listed by Forbes. There are other strong National retailers in the immediate area to include: McDonald’s, Anytime Fitness, Take 5 Oil Change, Speedway, Subway, and more.
- Concordia University is located less than 10 minutes southeast of the Property with ±8,004 students (Source: cuw.edu) and Ascension Columbia St. Mary's Hospital - Ozaukee Campus with ±121 beds (Source: ahd.com).
- Cedarburg High School is located approximately 5 minutes north of Walgreens with ±1,089 students enrolled (Source: usnews.com).
- Cedarburg is located approximately 20 miles north of Milwaukee.
Property Details
- Class
- B
- Year Built
- 2010
- Stories
- 1
- Property Subtype
- Drug Store, Grocery/Convenience Store, Freestanding
- Lot Size (sq. ft)
- 69,696 SF
Nearby Properties
Similar Properties
FAQ
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- What is the difference between Tier 1 & Tier 2 in the Due Diligence Vault?
- Documents that are placed in a Tier-1 Due Diligence vault require the execution of a Confidentiality Agreement (“CA”) for access. Documents and folders placed in the Tier-2 vault are intended to have an added layer of security and require the execution of a CA in addition to required Broker approval for access.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].