Walgreens Whitewater, WI | 1041 W Main St
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Walgreens Whitewater, WI 1041 W Main St
15,123 SF Retail Building Whitewater, WI 53190 £2,817,379 (£186/SF) 6.30% Net Initial Yield
Investment Highlights
- Walgreens’ NNN lease recently commenced in November 2023 and features ±14.0 years of term remaining.
- Located along West Main Street (9,800 VPD), where it is roughly a half mile west of Franklin Street (3,800 VPD) & less than 1.5 miles north of US-12.
- Walgreens is surrounded by over 3,300 households within a 1-mile radius, placing a substantial built-in customer base within walking distance.
- 5% rent increases every 5 years throughout the term and in each of the twelve 5-year renewal options.
- The immediate corridor is highlighted by the 400-acre University of Wisconsin - Whitewater (Enrollment: 11,000+).
Executive Summary
CBRE is pleased to offer for sale the 15,123-square-foot Walgreens situated on 1.04 acres in Whitewater, WI. Walgreens’ NNN lease recently commenced in November 2023 and features ±14.0 years of term remaining with 5% rent increases every 5 years throughout the term
and in each of the twelve 5-year renewal options.
and in each of the twelve 5-year renewal options.
Data Room Click Here to Access
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
15,123 SF
Building Class
B
Year Built
2000
Price
£2,817,379
Price Per SF
£186
Net Initial Yield
6.30%
NOI
£177,495
Tenancy
Single
Number of Floors
1
Loading Docks
2 Exterior
Building FAR
0.33
Land Acres
1.04 AC
Parking
25 Spaces (1.65 Spaces per 1,000 SF Leased)
Frontage
296 ft on W Main St
Amenities
- Signalised Intersection
PROPERTY TAXES
| Parcel Number | /A43800001 | Improvements Assessment | £1,192,845 |
| Land Assessment | £409,300 | Total Assessment | £1,602,145 |
PROPERTY TAXES
Parcel Number
/A43800001
Land Assessment
£409,300
Improvements Assessment
£1,192,845
Total Assessment
£1,602,145
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Brian Pfohl -
Thomas Carr -
Christopher Bosworth -
Power Broker Brian Wolff -
Eric Dyer -
Leah Lindell -
CBRE
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Walgreens Whitewater, WI | 1041 W Main St
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