Walgreens | W62N190 Washington Ave
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Walgreens W62N190 Washington Ave
14,550 SF Retail Building Cedarburg, WI 53012 £4,401,281 (£302/SF) 7.24% Net Initial Yield
Executive Summary
- 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.
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Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
14,550 SF
Building Class
B
Year Built
2010
Price
£4,401,281
Price Per SF
£302
Net Initial Yield
7.24%
NOI
£318,457
Tenancy
Single
Number of Floors
1
Building FAR
0.21
Lot Size
1.60 AC
Parking
40 Spaces (2.75 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 130510304027 | Improvements Assessment | £1,193,166 |
| Land Assessment | £371,183 | Total Assessment | £1,564,349 |
PROPERTY TAXES
Parcel Number
130510304027
Land Assessment
£371,183
Improvements Assessment
£1,193,166
Total Assessment
£1,564,349
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Walgreens | W62N190 Washington Ave
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