Drug Store
Walgreens I High Yield I 5% Rent Increases I Low Rent
1203 W Fond Du Lac St, Ripon, WI 54971
Listing Price: $2,750,000
Cap Rate
8.00%
Tenant Name
Walgreens
Years Remaining On Lease
11.5
Gross SF
14,890
Guarantor
Corporate Guarantee
Rentable SF
14,890
Price/Gross SF
$184.69
Lease Type
Absolute Net
Rent Per Square Feet
$14.78
Investment Overview
Absolute NNN Lease With Low Rent and No Landlord Responsibilities Located at the Heavily Trafficked Signalized Intersection of W Fond Du Lac Street and Westgate Drive with More Than 6,800 VPD.
Investment Highlights
- Absolute NNN Lease With Low Rent and No Landlord Responsibilities Located at the Heavily Trafficked Signalized Intersection of W Fond Du Lac Street and Westgate Drive with More Than 6,800 VPD
- Walgreens has Over 11.5 Years Remaining on the Base Term of the Lease with Rare 5% Rent Increases in the Base Term and Each Option as a Hedge Against Inflation Providing Investor Security
- Subject Property is Surrounded by Many of the Nation's Most Successful Retailers Including Hy-Vee Grocery, Theisen's Home Farm Auto, KFC, Dollar Tree, O'Reilly Auto, McDonald's, Culver's, and More
- This Location Benefits from Being the Only Walgreens or CVS within a 20-Mile Radius Providing Long Term Customer Stability and Strong Sales
- Walgreens has a 5% Rent Increase in 1.5 Years (2027) Providing Immediate Upside and Additional Yield to an Already High Yield Investor Opportunity
Drug Store
Walgreens I High Yield I 5% Rent Increases I Low Rent
Listing Price: $2,750,000
Cap Rate
8.00%
Tenant Name
Walgreens
Years Remaining On Lease
11.5
Gross SF
14,890
Guarantor
Corporate Guarantee
Rentable SF
14,890
Price/Gross SF
$184.69
Lease Type
Absolute Net
Rent Per Square Feet
$14.78
Investment Highlights
- Absolute NNN Lease With Low Rent and No Landlord Responsibilities Located at the Heavily Trafficked Signalized Intersection of W Fond Du Lac Street and Westgate Drive with More Than 6,800 VPD
- Walgreens has Over 11.5 Years Remaining on the Base Term of the Lease with Rare 5% Rent Increases in the Base Term and Each Option as a Hedge Against Inflation Providing Investor Security
- Subject Property is Surrounded by Many of the Nation's Most Successful Retailers Including Hy-Vee Grocery, Theisen's Home Farm Auto, KFC, Dollar Tree, O'Reilly Auto, McDonald's, Culver's, and More
- This Location Benefits from Being the Only Walgreens or CVS within a 20-Mile Radius Providing Long Term Customer Stability and Strong Sales
- Walgreens has a 5% Rent Increase in 1.5 Years (2027) Providing Immediate Upside and Additional Yield to an Already High Yield Investor Opportunity
Investment Overview
Absolute NNN Lease With Low Rent and No Landlord Responsibilities Located at the Heavily Trafficked Signalized Intersection of W Fond Du Lac Street and Westgate Drive with More Than 6,800 VPD.