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2400 Velp Ave
Howard, WI 54303
CVS - New 20 Year Lease - No Rent Holiday · Retail Property For Sale

INVESTMENT HIGHLIGHTS

  • Corporate Backed Long Term Lease – CVS signed a new 20 year lease underscoring their long term commitment to the site
  • BBB Credit Rating by Standard & Poor’s – Tenant is publicly traded on the NYSE and reported annual revenues in excess of $266 billion in 2020
  • Hard Corner Location with Drive-Thru – Easily accessible via two of the area’s main traffic corridors with combined daily traffic counts in excess of
  • Absolute Net Lease Structure – Zero landlord responsibilities for operating or capital expenses
  • Continued Heath Care Development in Surrounding Community – Near newly built 150,000 square foot senior living facility in close proximity
  • Ten Minute Drive from Lambeau Field – Property is approximately 6 miles north of Lambeau Field just west of Interstate 41

PROPERTY FACTS

Property Type
Retail
Property Subtype
Drug Store
Building Size
15,363 SF
Building Class
C
Year Built
2006
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
1.75 AC
Zoning
Commercial
Parking
59 Spaces (3.84 Spaces per 1,000 SF Leased)
Frontage
196’ on Velp Avenue

PROPERTY TAXES

  • Listing ID: 22210266

  • Date on Market: 2/10/2021

  • Last Updated:

  • Address: 2400 Velp Ave, Howard, WI 54303