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1108 N 14th St
Sheboygan, WI 53081
CVS Pharmacy · Retail Property For Sale


Investment Highlights
- Long Term Lease
- Investment Grade Credit
- High Traffic Counts
- Zero Landlord Responsibilites
- Strategic Retail Location
- Nearby Attractions
Executive Summary
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the single-tenant, Absolute NNN leased CVS located 1108 N 14th Street in Sheboygan, Wisconsin (the “Property”). The build to suit property was developed in 2015 and CVS has 15+ years remaining on their lease with ten (10), 5-year renewal options. The Property is situated on a highly visible corner parcel at the signalized intersection of N 14th Street and Erie Avenue (WI Route 23), the area’s primary commercial and commuter corridor. CVS enjoys outstanding visibility and frontage with three points of access and is surrounded by national and local retailers and restaurants that drive traffic to the area. Located in the heart of Sheboygan, the Property is 1.1 miles from Lake Michigan, North Side Beach, and the Harbor Center Marina and is positioned in the heart of a densely populated residential area that provides a captive customer base. The Property is convenient to HSHS St Nicholas Hospital, the University of Wisconsin Breen Bay-Sheboygan Campus, several large manufacturing and distribution facilities, and Interstate 43. Sheboygan is located on the shores of Lake Michigan approximately 60 miles south of Green Bay and 55 miles north of Milwaukee.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
13,000 SF
Building Class
C
Year Built
2015
Price
$4,809,715
Price Per SF
$369.98
Cap Rate
6%
NOI
$288,583
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
1.52 AC
Zoning
BB2
Property Taxes
| Parcel Number | 59281204952 | Improvements Assessment | $1,601,500 |
| Land Assessment | $1,053,100 | Total Assessment | $2,654,600 |
Property Taxes
Parcel Number
59281204952
Land Assessment
$1,053,100
Improvements Assessment
$1,601,500
Total Assessment
$2,654,600
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