Walgreens 1041 W Main St 15,123 SF Retail Building Whitewater, WI 53190 $3,411,203 ($225.56/SF) 6.65% Cap Rate

The Boulder Group is pleased to exclusively market for sale a single tenant net leased Walgreens property located in Whitewater, Wisconsin within the Milwaukee MSA. Walgreens has an established operating history at this location that spans multiple decades. Walgreens recently completed a long-term lease extension through November 2038 demonstrating their commitment to the location. The lease is absolute triple net and features no landlord responsibilities. Additionally, there are 5% rental escalations every 5 years throughout the primary term and twelve 5-year renewal options.
The 15,123 square-foot building is positioned along West Main Street which is a main thoroughfare in the area. Situated in the vibrant college town of Whitewater, home to the University of Wisconsin–Whitewater with an enrollment of over 11,700 students, the property benefits from a dynamic local market. It is conveniently positioned near major national retailers, including Walmart Supercenter, Ace Hardware, Advance Auto Parts, McDonald’s, Chevrolet, GMC, Dodge, Jeep, Jersey Mike’s, and Culver’s, among others. There are over 18,000 people living within a five-mile radius. Those of which earn an average household income exceeding $77,000.
Walgreens is included in the Retail Pharmacy USA Division of Walgreens Boots Alliance, Inc., a global leader in retail pharmacy. As America’s most loved pharmacy, health and beauty company, Walgreens purpose is to champion the health and wellbeing of every community in America. Operating more than 8,100 retail locations across America, Puerto Rico and the U.S. Virgin Islands, Walgreens is proud to be a neighborhood health destination serving approximately 8 million customers each day. Walgreens pharmacists play a critical role in the U.S. healthcare system by providing a wide range of pharmacy and healthcare services.