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Walgreens 1921 S Main St 14,820 SF Retail Building West Bend, WI 53095 $4,750,000 ($320.51/SF) 7.79% Cap Rate
INVESTMENT HIGHLIGHTS
- Exceptional Sales Performance – This Walgreens reports annual sales exceeding $3.54 million, placing it among the top-performing locations nationally
- Robust Retail Corridor – Situated within a dominant retail trade area alongside major national tenants including The Home Depot, Meijer, and more
- Milwaukee MSA – Located within the Milwaukee Metropolitan Statistical Area, Wisconsin’s largest economic center with a population over 1.5 million
- High-Quality Construction – Features a rare, all-brick prototype offering enhanced durability, and reduced maintenance requirements
- High-Visibility Site – Located at the signalized intersection of Main Street and W. Paradise Drive with exposure to over ±32,300 vehicles per day
- Proximity to Senior Living Communities – Positioned within one mile of two established assisted living centers
EXECUTIVE SUMMARY
Broker of Record
Matt Fitzgerald
License # 938105-91 (WI)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Matt Fitzgerald
License # 938105-91 (WI)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203
(866) 889-0550
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,820 SF
Building Class
B
Year Built
2010
Price
$4,750,000
Price Per SF
$320.51
Cap Rate
7.79%
NOI
$370,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
2.40 AC
Parking
83 Spaces (5.7 Spaces per 1,000 SF Leased)
Frontage
245’ on S Main St
AMENITIES
- Pylon Sign
- Drive Thru
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 1119-252-0043 | Improvements Assessment | $1,720,600 |
| Land Assessment | $1,595,400 | Total Assessment | $3,316,000 |
PROPERTY TAXES
Parcel Number
1119-252-0043
Land Assessment
$1,595,400
Improvements Assessment
$1,720,600
Total Assessment
$3,316,000
CONTACTS
-
Christian Becker -
Conrad Sarreal -
Ariana Sobhan -
Matthews Real Estate Investment Services
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Walgreens | 1921 S Main St
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