Drug Store
Walgreens - Madison MSA
401 W Main St, Waunakee, WI 53597
Listing Price: $4,248,000
Cap Rate
6.25%
Tenant Name
Walgreens
Years Remaining On Lease
7.1
Guarantor
Corporate Guarantee
Rentable SF
15,120
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$17.56
Investment Overview
This passive investment opportunity offers a qualified buyer a credit worthy tenant with minimal landlord responsibilities. This particular Walgreens has strong store sales and is committed to the site.
Walgreens - Madison MSA
Investment Highlights
- Long standing Walgreens with strong store sales
- Walgreens has recently executed a 10 year lease extension, showing commitment to the location
- Very minimal landlord responsibilities, all expenses are either reimbursed or performed by tenant
- Site has a vital drive-thru and multiple points of access
- Strategically located on the corner of the area's most prominent intersection, Main St and Century Ave
- Waunakee is an affluent suburb of Madison, just 12 miles north of the downtown area
- Madison and the surrounding areas are currently experiencing significant population growth and increased development
- Walgreens is an Investment Grade Credit Tenant, S&P rated BBB
Exclusively Listed By
Broker of Record
-
Todd Lindblom
First Vice President/Regional Manager
Financing By
Listing Price: $4,248,000
Cap Rate
6.25%
Tenant Name
Walgreens
Years Remaining On Lease
7.1
Guarantor
Corporate Guarantee
Rentable SF
15,120
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$17.56
Investment Highlights
- Long standing Walgreens with strong store sales
- Walgreens has recently executed a 10 year lease extension, showing commitment to the location
- Very minimal landlord responsibilities, all expenses are either reimbursed or performed by tenant
- Site has a vital drive-thru and multiple points of access
- Strategically located on the corner of the area's most prominent intersection, Main St and Century Ave
- Waunakee is an affluent suburb of Madison, just 12 miles north of the downtown area
- Madison and the surrounding areas are currently experiencing significant population growth and increased development
- Walgreens is an Investment Grade Credit Tenant, S&P rated BBB
Investment Overview
This passive investment opportunity offers a qualified buyer a credit worthy tenant with minimal landlord responsibilities. This particular Walgreens has strong store sales and is committed to the site.
Exclusively Listed By
Broker of Record
-
Todd Lindblom
First Vice President/Regional Manager
Financing By
