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Drug Store

Walgreens | 12 Years Remaining | Abs. NNN | Very Strong Sales

2015 Tower Ave, Superior, WI 54880

Listing Price: $5,000,000

Cap Rate
5.60%
Tenant Name
Walgreens
Years Remaining On Lease
12.3
Guarantor
Corporate Guarantee
Rentable SF
133,133
Lease Type
Absolute Net
Rent Per Square Feet
$2.10

Investment Overview

Marcus & Millichap is pleased to bring to market Walgreens located in Superior, Wisconsin. Walgreens Boots Alliance, Inc., together with its subsidiaries, operates a network of drugstores in the United States. It provides consumer goods and services, pharmacy, and health and wellness services through drugstores, as well as through mail, telephone and online. The company provides specialty pharmacy services and sells prescription and non-prescription drugs; general merchandise, including convenience and fresh foods, household items, personal care, photofinishing and candy, and beauty care. In addition, the company manages in-store convenient care clinics (Healthcare Clinics). It operates over 9,500 locations in 50 states, the District of Columbia, Puerto Rico, and the U.S. Virgin Islands. The company also manages approximately 400 Healthcare Clinics and provider practice locations.

Investment Highlights

  • Absolute Net Lease with Over 12 Years Remaining | Zero Landlord Responsibilities | Six, Five-Year Renewal Options
  • Excellent Store Sales | Prime Location Within the Heart of Superior
  • Hard Corner Location at the Signalized Intersection of N 21st Street and Tower Avenue Which Sees Over 32,000 Vehicles per Day
  • Corporate Guarantee | (NYSE: WBA) with S&P "BBB/Stable" Investment-Grade Credit
  • Walgreens is #19 on Fortune 500 | $139 Billion in Revenue (Fiscal Year 2020)
  • 51 Percent Median Household Income Growth Since 2000 within Five Miles with 16 Percent Projected Growth By 2026
  • Lake Superior is a Top Tourism Destination in the U.S., Seeing Over Six Million Visitors Annually
  • Superior is the County Seat of Douglas County | Home to One of the Largest Freshwater Ports in the World

Exclusively Listed By

Broker of Record

  • Todd Lindblom

    Vice President/Regional Manager

    (262) 364-1964

    License(s) WI: 56163-90

    Wisconsin

Financing By

Drug Store

Walgreens | 12 Years Remaining | Abs. NNN | Very Strong Sales

Listing Price: $5,000,000

Cap Rate
5.60%
Tenant Name
Walgreens
Years Remaining On Lease
12.3
Guarantor
Corporate Guarantee
Rentable SF
133,133
Lease Type
Absolute Net
Rent Per Square Feet
$2.10

Investment Highlights

  • Absolute Net Lease with Over 12 Years Remaining | Zero Landlord Responsibilities | Six, Five-Year Renewal Options
  • Excellent Store Sales | Prime Location Within the Heart of Superior
  • Hard Corner Location at the Signalized Intersection of N 21st Street and Tower Avenue Which Sees Over 32,000 Vehicles per Day
  • Corporate Guarantee | (NYSE: WBA) with S&P "BBB/Stable" Investment-Grade Credit
  • Walgreens is #19 on Fortune 500 | $139 Billion in Revenue (Fiscal Year 2020)
  • 51 Percent Median Household Income Growth Since 2000 within Five Miles with 16 Percent Projected Growth By 2026
  • Lake Superior is a Top Tourism Destination in the U.S., Seeing Over Six Million Visitors Annually
  • Superior is the County Seat of Douglas County | Home to One of the Largest Freshwater Ports in the World

Investment Overview

Marcus & Millichap is pleased to bring to market Walgreens located in Superior, Wisconsin. Walgreens Boots Alliance, Inc., together with its subsidiaries, operates a network of drugstores in the United States. It provides consumer goods and services, pharmacy, and health and wellness services through drugstores, as well as through mail, telephone and online. The company provides specialty pharmacy services and sells prescription and non-prescription drugs; general merchandise, including convenience and fresh foods, household items, personal care, photofinishing and candy, and beauty care. In addition, the company manages in-store convenient care clinics (Healthcare Clinics). It operates over 9,500 locations in 50 states, the District of Columbia, Puerto Rico, and the U.S. Virgin Islands. The company also manages approximately 400 Healthcare Clinics and provider practice locations.

Exclusively Listed By

Broker of Record

  • Todd Lindblom

    Vice President/Regional Manager

    (262) 364-1964

    License(s): WI: 56163-90

    Wisconsin

Financing By

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