1041 W Main St - Freestanding FOR SALE
Whitewater, WI 53190 |
$3,600,714 USD
404-504-7900
1041 W Main St
Whitewater, WI 53190
HIGHLIGHTS
- Walgreens’ NNN lease recently commenced in November 2023 and features ±13.8 years of term remaining.
- 5% rent increases every 5 years throughout the term and in each of the twelve 5-year renewal options.
- 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.
- The immediate corridor is highlighted by the 400-acre University of Wisconsin - Whitewater (Enrollment: 11,000+).
- Walgreens is surrounded by over 3,300 households within a 1-mile radius, placing a substantial built-in customer base within walking distance.
OVERVIEW
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 ±13.8 years of term remaining with 5% rent increases every 5 years throughout the term
and in each of the twelve 5-year renewal options.
FOR SALE DETAILS
PRICE
$3,600,714 USD
PRICE/SF
$238 USD /SF
CAP RATE
6.3%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Walgreens Whitewater, WI
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
ADD'L SUBTYPES
Drug Store
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2000
SPRINKLERS
-
PARKING SPACES
25
LAND DETAILS
LAND ACRES
1.04 AC
LAND SF
45,302 SF
ZONING
-
APN/PARCEL ID
-
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404-504-7900
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404-504-7900
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