Log In/Sign Up
Your email has been sent.
Walgreens: Mount Horeb, WI 1401 Springdale St 14,428 SF Retail Building Mount Horeb, WI 53572 $2,573,100 ($178.34/SF) 7.75% Cap Rate
Investment Highlights
- Absolute NNN Lease
- Within a highly-residential area and is surrounded by more than 2,085 households within a mile
- Part of the Madison, WI Metropolitan Statistical Area (MSA Population: 709,339)
Executive Summary
Walgreens is positioned with excellent access and visibility at the corner of Springdale Street (9,500 VPD) and Perimeter Road, less than a mile from US-18(21,000 VPD) which provides direct access to downtown Madison (21.7 miles east). Originally set to expire in 2034, Walgreens’ absolute NNN lease was extended through 2038 and now features ±12.3 years of primary term remaining with eleven, 5-year options to renew.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,428 SF
Building Class
B
Year Built
2008
Price
$2,573,100
Price Per SF
$178.34
Cap Rate
7.75%
NOI
$199,415
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
1.99 AC
Parking
53 Spaces (3.67 Spaces per 1,000 SF Leased)
Nearby Major Retailers
Property Taxes
| Parcel Number | 0606-124-0030-1 | Improvements Assessment | $2,352,200 |
| Land Assessment | $447,800 | Total Assessment | $2,800,000 |
Property Taxes
Parcel Number
0606-124-0030-1
Land Assessment
$447,800
Improvements Assessment
$2,352,200
Total Assessment
$2,800,000
Contacts
-
Thomas Carr -
Brian Pfohl -
Christopher Bosworth -
Leah Lindell -
Abby Kelly -
Kaitlyn Wolf -
Katie Goldberg -
Brian Wolff -
CBRE
1 of 8
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Walgreens: Mount Horeb, WI | 1401 Springdale St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.