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Drug Store

CVS | 10-Year Extension

2207 80th St, Kenosha, WI 53143

Listing Price: $4,893,334

Cap Rate
6.00%
Tenant Name
CVS
Years Remaining On Lease
9.0
Guarantor
Corporate Guarantee
Rentable SF
16,048
Lease Type
Double Net
Rent Per Square Feet
$18.30

Investment Overview

Marcus & Millichap is pleased to present CVS, 10-year extension located in Kenosha, Wisconsin. This CVS is situated in Sunnyside Park Shopping Center next to Family Dollar and anew gas station development. There was a recent 10-year extension (February 1, 2021) on a corporately guaranteed net lease. There are three, five-year options with five percent rental increases in each option. CVS has been a long operating history as tenant has occupied space since 1999. National, investment grade tenant with a “BBB” Standard & Poor’s credit rating. Located on a signalized, hard-corner intersection of 80th Street and 22nd Avenue. There is high visibility with 16,100 vehicles passing per day with attractive real estate. Almost 1,000 feet of frontage along 80th Street, 22nd Avenue and 81st Street with eight points of ingress/egress. The property features a drive-thru adding value and flexibility to existing or future tenancy. Located amongst public schools, major corporations, hospitals and major retailers 0.7 miles to Grewenow Elementary School with 369 students. 1.1 miles to Tremper High School with 1,639 students. 2.1 miles to Froedtert Kenosha Hospital with 157-licensed beds. One block to the Kenosha Clinic-Children’s Wisconsin providing specialty, primary and urgent care. Three blocks to Snap-On corporation Headquarters. Major retailers in the area include Dollar Tree, Festival Foods, O’Reilly Auto Parts, Ace Hardware, Planet Fitness, McDonald’s, Starbucks, and many more. Densely populated area with over 16,000 people living within one-mile of subject property.

Investment Highlights

  • Situated in Sunnyside Park Shopping Center Next to Family Dollar and a New Gas Station Development
  • Recent 10-Year Extension (February 1, 2021) on Corporately Guaranteed Net Lease
  • Located on a Signalized, Hard-Corner Intersection of 80th Street and 22nd Avenue
  • High Visibility with 16,100 Vehicles Passing per Day with Attractive Real Estate
  • Eight Points of Ingress/Egress
  • Property Features a Drive-Thru Adding Value and Flexibility to Existing or Future Tenancy
  • Located Amongst Public Schools, Major Corporations, Hospitals and Major Retailers
  • Densely Populated Area | Over 16,000 People Living Within One-Mile of Subject Property

Exclusively Listed By

Broker of Record

  • Todd Lindblom

    Vice President/Regional Manager

    (262) 364-1964

    License(s) WI: 56163-90

    Wisconsin

Drug Store

CVS | 10-Year Extension

Listing Price: $4,893,334

Cap Rate
6.00%
Tenant Name
CVS
Years Remaining On Lease
9.0
Guarantor
Corporate Guarantee
Rentable SF
16,048
Lease Type
Double Net
Rent Per Square Feet
$18.30

Investment Highlights

  • Situated in Sunnyside Park Shopping Center Next to Family Dollar and a New Gas Station Development
  • Recent 10-Year Extension (February 1, 2021) on Corporately Guaranteed Net Lease
  • Located on a Signalized, Hard-Corner Intersection of 80th Street and 22nd Avenue
  • High Visibility with 16,100 Vehicles Passing per Day with Attractive Real Estate
  • Eight Points of Ingress/Egress
  • Property Features a Drive-Thru Adding Value and Flexibility to Existing or Future Tenancy
  • Located Amongst Public Schools, Major Corporations, Hospitals and Major Retailers
  • Densely Populated Area | Over 16,000 People Living Within One-Mile of Subject Property

Investment Overview

Marcus & Millichap is pleased to present CVS, 10-year extension located in Kenosha, Wisconsin. This CVS is situated in Sunnyside Park Shopping Center next to Family Dollar and anew gas station development. There was a recent 10-year extension (February 1, 2021) on a corporately guaranteed net lease. There are three, five-year options with five percent rental increases in each option. CVS has been a long operating history as tenant has occupied space since 1999. National, investment grade tenant with a “BBB” Standard & Poor’s credit rating. Located on a signalized, hard-corner intersection of 80th Street and 22nd Avenue. There is high visibility with 16,100 vehicles passing per day with attractive real estate. Almost 1,000 feet of frontage along 80th Street, 22nd Avenue and 81st Street with eight points of ingress/egress. The property features a drive-thru adding value and flexibility to existing or future tenancy. Located amongst public schools, major corporations, hospitals and major retailers 0.7 miles to Grewenow Elementary School with 369 students. 1.1 miles to Tremper High School with 1,639 students. 2.1 miles to Froedtert Kenosha Hospital with 157-licensed beds. One block to the Kenosha Clinic-Children’s Wisconsin providing specialty, primary and urgent care. Three blocks to Snap-On corporation Headquarters. Major retailers in the area include Dollar Tree, Festival Foods, O’Reilly Auto Parts, Ace Hardware, Planet Fitness, McDonald’s, Starbucks, and many more. Densely populated area with over 16,000 people living within one-mile of subject property.

Exclusively Listed By

Broker of Record

  • Todd Lindblom

    Vice President/Regional Manager

    (262) 364-1964

    License(s): WI: 56163-90

    Wisconsin

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