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- LoopNet Team
2909 E Washington Ave
Madison, WI 53704
Walgreens · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Established Store with Recent 10-Year Lease Extension
- Signalized Intersection Near Downtown Madison
- Investment Grade Guaranty by Walgreen Co.
- Proximity to University of Wisconsin–Madison
- Dense, Urban Demographics
- No Rite Aid Competition or Overlap
PROPERTY FACTS
AMENITIES
- Bus Line
- Pylon Sign
- Signage
- Signalized Intersection
ABOUT 2909 E WASHINGTON AVE , MADISON, WI 53704
Stan Johnson Company is pleased to offer for sale to qualified investors, the opportunity to purchase a fee simple interest in the Walgreens property located at 2909 East Washington Avenue in Madison, Wisconsin (the “Property”). The 15,070 SF Property sits on a 1.87 acre parcel of land, a location Walgreens has operated at for nearly 20 years. With strong sales performance and successful operating history at this location, Walgreens elected to extend the base lease term at the Property, allowing investors to benefit from 10 additional years of base term beginning on December 1st, 2019. The Property is located at the hard, signalized intersection E Washington Ave and E Johnson St (55,378 VPD), in which E Washington Ave (U.S. Hwy 151) is the major thoroughfare for downtown Madison. Located in a highly trafficked retail corridor, the Property is positioned near other prominent tenants including McDonald’s, Taco Bell, Burger King, Papa John’s Pizza, Moka Coffee, Mobil, Car-X Tire & Auto, and many more.
PROPERTY TAXES
| Parcel Number | 0710-061-2935-0 | Improvements Assessment | $2,308,500 |
| Land Assessment | $537,500 | Total Assessment | $2,846,000 |
PROPERTY TAXES
