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1531 South Madison Rd
Beloit, WI 53511
Walgreens · Retail Property For Sale
Investment Highlights
- Recently-Extended Absolute NNN Lease | Eleven, 5-Year Options to Renew
- Feet from Signalized Intersection with Liberty Avenue (10,700 VPD)
- Surrounding Retail Synergies Include: Woodman's Food Market, Dollar Tree, Family Dollar, Dollar General, Advance Auto Parts, NAPA Auto Parts, etc.
- Excellent Access & Visibility Along South Madison Road (6,200 VPD)
- 3.5 MSF of Retail, 1.3 MSF of Office, 11.0 MSF of Industrial, 3,092 Multifamily Units & 794 Hotel Rooms within 5-Miles.
- Janesville-Beloit, WI MSA Advantage (MSA Population: 164,616+)
Executive Summary
CBRE is pleased to offer for sale the 14,405-square-foot Walgreens situated on 1.91 acres in Beloit, Wisconsin—part of the Janesville-Beloit, WI MSA (Population: 164,616). Originally set to expire in 2034, Walgreens’ absolute NNN lease was extended through 2038 and now features ±12.4 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
14,405 SF
Building Class
B
Year Built
2008
Price
$2,845,600
Price Per SF
$197.54
Cap Rate
7.75%
NOI
$220,534
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
1.91 AC
Zoning
C
Parking
72 Spaces (5 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | 127-70030 | Improvements Assessment | $2,414,500 |
| Land Assessment | $228,400 | Total Assessment | $2,642,900 |
Property Taxes
Parcel Number
127-70030
Land Assessment
$228,400
Improvements Assessment
$2,414,500
Total Assessment
$2,642,900
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