Drug Store
Walgreens
1500 W James Street, Columbus, WI 53925
Listing Price: $2,955,556
Investment Overview
Marcus & Millichap is pleased to offer for sale the fee simple interest in a 14,820-square-foot single-tenant pharmacy (the Property) in Columbus, WI, in which Walgreens has just under eight years remaining on an absolute NNN lease. Walgreens has operated at this location since the building’s construction in 2006 and has the right to continue operating at this site until 2081.
The Property is located on the northwest corner of the signalized intersection of West James Street and Industrial Drive, just east of the U.S. Highway 151 entrance. The site is also located roughly 25 miles northeast of Madison, WI, and about 60 miles northwest of Waukesha, WI, making it a part of both the Madison MSA and Milwaukee-Waukesha-Racine CSA.
Nearby retail includes McDonald’s, Pick ‘n Save (Kroger), O’Reilly Auto Parts, Burger King, Subway, Culver’s and Taco Bell, among others. The Property is also located near many of the city’s top industrial employers, including American Packaging Corporation, Lyco Manufacturing, Roberts Manufacturing, Gar Plastics and numerous others.
Walgreens
Investment Highlights
- Absolute NNN Lease Featuring Palatable Rent of $13.46 PSF
- Only National Pharmacy Within 12 Miles of Property
- Strong Health Ratio — Store Reported Sales of ~$2.87 Million in Rolling 12-Month Period
- Nearly Eight Years Remaining on Long-Term Lease — Right to Operate at Site Until 2081
- Located Roughly 25 Miles Northeast of Madison, WI, Along U.S. Highway 151
- Close Proximity to Prominent Industrial Companies Including One of the City's Top Employers — American Packaging Corporation
- Nearby Retailers Include Taco Bell, McDonald's, Pick 'n Save (Kroger), O'Reilly Auto Parts, Culver's, Jimmy John's, Anytime Fitness and More
Exclusively Listed By
Broker of Record
-
Todd Lindblom
First Vice President/Regional Manager
Listing Price: $2,955,556
Investment Highlights
- Absolute NNN Lease Featuring Palatable Rent of $13.46 PSF
- Only National Pharmacy Within 12 Miles of Property
- Strong Health Ratio — Store Reported Sales of ~$2.87 Million in Rolling 12-Month Period
- Nearly Eight Years Remaining on Long-Term Lease — Right to Operate at Site Until 2081
- Located Roughly 25 Miles Northeast of Madison, WI, Along U.S. Highway 151
- Close Proximity to Prominent Industrial Companies Including One of the City's Top Employers — American Packaging Corporation
- Nearby Retailers Include Taco Bell, McDonald's, Pick 'n Save (Kroger), O'Reilly Auto Parts, Culver's, Jimmy John's, Anytime Fitness and More
Investment Overview
Marcus & Millichap is pleased to offer for sale the fee simple interest in a 14,820-square-foot single-tenant pharmacy (the Property) in Columbus, WI, in which Walgreens has just under eight years remaining on an absolute NNN lease. Walgreens has operated at this location since the building’s construction in 2006 and has the right to continue operating at this site until 2081. The Property is located on the northwest corner of the signalized intersection of West James Street and Industrial Drive, just east of the U.S. Highway 151 entrance. The site is also located roughly 25 miles northeast of Madison, WI, and about 60 miles northwest of Waukesha, WI, making it a part of both the Madison MSA and Milwaukee-Waukesha-Racine CSA. Nearby retail includes McDonald’s, Pick ‘n Save (Kroger), O’Reilly Auto Parts, Burger King, Subway, Culver’s and Taco Bell, among others. The Property is also located near many of the city’s top industrial employers, including American Packaging Corporation, Lyco Manufacturing, Roberts Manufacturing, Gar Plastics and numerous others.
Exclusively Listed By
Broker of Record
-
Todd Lindblom
First Vice President/Regional Manager
