Walgreens
| Status | Available |
|---|---|
| Price | $4,345,000 |
| Cap Rate | 6.60% |
| NOI | $286,000 |
| Lease Type | Absolute NNN |
| Lease Term | 13 Years |
| Lease Start | 9/1/2022 |
| Lease Expiration | 8/31/2035 |
| Building Size | 13,000 SF |
| Lot Size | 1.15 AC |
Overview
Walgreens recently signed a 13 year, fee simple absolute NNN lease. There are no landlord obligations under the lease. And the lease contains rent increases of five percent (5%) every five years with 12 5-year options.
Walgreens is located with excellent access and visibility along South Oneida Street. The property is located on a signalized hard corner with a combined traffic count of over 28,000 vehicles per day.
Walgreens is strategically positioned in a strong retail corridor surrounded by national tenants including Pizza Hut, Dairy Queen, and Shell gas station. It is also less than a mile from St. Elizabeth Campus of Ascension NE Wisconsin Hospital (279 Beds) as well as State Highway 47, which is the main northwest-southeast highway in the state.
