1108 N 14th St - Drug Store FOR SALE


Sheboygan, WI 53081
$5,181,000 USD
612-413-4200
1108 N 14th St, Sheboygan, WI for Sale
$5,181,000 USD
Drug Store - FOR SALE
1/6
null | 5.57% Cap Rate

1108 N 14th St
Sheboygan, WI 53081


HIGHLIGHTS

  • Prime Investment Opportunity
  • Absolute NNN Lease
  • Strategic Location & Vibrant Commercial Area
  • Proximity to Key Amenities
  • Thriving Business Environment

OVERVIEW

Prime Investment Opportunity: Long-term lease with CVS, a leading drugstore chain with investment-grade credit, offering both stability and security. Enjoy the added benefit of rent increases during each option period, enhancing the property's long-term value. Absolute NNN Lease: Enjoy the benefits of an absolute triple net lease with no landlord responsibilities and a corporate guarantee. Strategic Location: Positioned on a corner lot at a signalized intersection with high visibility - 16.6K+ VPD (North 14th St) and 16.4K+ VPD (Erie Ave). Vibrant Commercial Area: Situated across from popular retailers such as Starbucks, Domino's, and Burger King, and near Whistling Straits Golf Course, attracting consistent traffic to the area. Proximity to Key Amenities: Close to educational institutions like Jefferson Elementary School, Sheboygan Leadership Academy, and Lakeshore Technical College. Nearby attractions include the Above & Beyond Children's Museum and several parks, enhancing the appeal for a diverse demographic. Thriving Business Environment: The property is near The Vollrath Company, a major employer in the region with 1,300 employees globally, contributing to the area's economic vitality.

FOR SALE DETAILS

PRICE

$5,181,000 USD

PRICE/SF

$365 USD /SF

CAP RATE

5.57%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

CVS | Sheboygan, WI

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2015

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.52 AC

LAND SF

66,211 SF

ZONING

UC

APN/PARCEL ID

59281204952

ASK ABOUT THIS PROPERTY

Brian BriskyBrisky Net LeaseMore Info
612-413-4200

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Brian BriskyBrisky Net LeaseMore Info
612-413-4200

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.