This property is Off-Market

717 8th Ave
Monroe, WI 53566 ·

14,490 SF · Retail For Sale

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Walgreen's - New Construction - Monroe, WI

Price N/A Property Use Type Net Lease Investment with 10+ years left on lease
Building Size 14,490 SF Cap Rate 7.50%
Property Type Retail Tenancy Single
Property Sub-type Free Standing Bldg Year Built 2008
Listing ID: 16417660 Date Created: 10/02/2009 Last Updated: 05/18/2010

Description

There are 24 years remaining on the primary term. Store Opening and rent commencement were May 1, 2008. The lease extends through April 30, 2083. Tenant has right to terminate any time after April 30, 2033 upon 12 months written notice to Landlord. The lease is a true triple-net lease with Tenant responsible for all utilities, taxes, insurance and maintenance of the property. There are no Landlord maintenance responsibilities.

This 14,496 sf free standing Walgreen' s is located on 1.53 acres in Monroe, WI. The fee simple property features 74 parking spaces with a full drive thru window and two points of ingress/egress on 8th Ave. The site is located two buildings north of the signalized intersection of 8th Ave and 8th St. A BP gas station borders Walgreen' s to the south and offers a cross easement allowing direct access from the subject property to the signalized intersection of 8th St and State Rd 69. State Route 69 (10,600 ADT) is a major arterial roadway bordering the property to the west and offers great visibility to the site. The property is located on the northwest side of Monroe and is surrounded to the northeast and southeast by high density residential housing and to the west by the majority of the area' s retail. The area' s primary interchange to Highway 11/81 is on Highway 69 directly north of the property. Highway 11/81 circumvents the City of Monroe and is the primary roadway system connecting Monroe to the surrounding areas. AutoZone, Super 8 Motel, AmericInn, Burger King, and Pizza Hut are between Walgreen' s and the interchange. Immediately west of the property across Highway 69 and along 8

Highlights

  • Maintenance Free Investment
  • Investment Grade Credit
  • Frontage on Highway 69
  • Located on area's primary retail corridor
  • Monroe is County Seat
  • Edge of Growth - new Wal-Mart Supercenter nearby

Research

717 8th Ave, Monroe, WI 53566 (Green County)

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