1108 N 14th St - Drug Store FOR SALE


Sheboygan, WI 53081
$5,181,000 USD
312-548-6822
1108 N 14th St, Sheboygan, WI for Sale
$5,181,000 USD
Drug Store - FOR SALE
1/9
null | 5.57% Cap Rate

1108 N 14th St
Sheboygan, WI 53081


HIGHLIGHTS

  • Long Term Lease
  • Zero Landlord Responsibilites
  • Strong Traffic Counts
  • Strategic Retail Location

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the single-tenant, Absolute NNN leased CVS located 1108 N 14th Street in Sheboygan, Wisconsin (the “Property”). The build to suit property was developed in 2015 and CVS has 15+ years remaining on their lease with ten (10), 5-year renewal options. The Property is situated on a highly visible corner parcel at the signalized intersection of N 14th Street and Erie Avenue (WI Route 23), the area’s primary commercial and commuter corridor. CVS enjoys outstanding visibility and frontage with three points of access and is surrounded by national and local retailers and restaurants that drive traffic to the area. Located in the heart of Sheboygan, the Property is 1.1 miles from Lake Michigan, North Side Beach, and the Harbor Center Marina and is positioned in the heart of a densely populated residential area that provides a captive customer base. The Property is convenient to HSHS St Nicholas Hospital, the University of Wisconsin Breen Bay-Sheboygan Campus, several large manufacturing and distribution facilities, and Interstate 43. Sheboygan is located on the shores of Lake Michigan approximately 60 miles south of Green Bay and 55 miles north of Milwaukee.

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

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

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

Jack CollinsHorvath & TremblayMore Info
312-548-6822

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Jack CollinsHorvath & TremblayMore Info
312-548-6822

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