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Walgreens 401 E Green Bay St 14,354 SF Retail Building Shawano, WI 54166 $2,526,000 ($175.98/SF) 8.75% Cap Rate
Investment Highlights
- 10+ Years Remaining | One-Time 14% Rental Increase | Corporate Signed Lease | Top Performing Store Within 30 Miles
- Dense Retail Trade Area | Strong National Tenant Presence
- Located Along Green Bay Street | Centralized Location | Drive-Thru Equipped Pharmacy | Excellent Visibility & Access
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Direct Residential Consumer Base | Demographics in 5-Mile Trade Area
Executive Summary
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN, top-ranking, drive-thru pharmacy equipped, Walgreens investment property located in Shawano, WI. The tenant, Walgreen Co., has 10+ years remaining with an additional 10 (5-year) option periods left to extend. The lease features a one-time 14%+ rental increase at the beginning of the first option period, growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities, making it an ideal, management-free investment opportunity for a passive investor.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
14,354 SF
Building Class
C
Year Built
2002
Price
$2,526,000
Price Per SF
$175.98
Cap Rate
8.75%
NOI
$221,025
Tenancy
Single
Building Height
1 Story
Building FAR
0.22
Lot Size
1.53 AC
Zoning
UMU - Urban Mixed Use
Parking
73 Spaces (5.09 Spaces per 1,000 SF Leased)
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 281751500000 | Improvements Assessment | $1,226,500 |
| Land Assessment | $139,000 | Total Assessment | $1,365,500 |
Property Taxes
Parcel Number
281751500000
Land Assessment
$139,000
Improvements Assessment
$1,226,500
Total Assessment
$1,365,500
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Walgreens | 401 E Green Bay St
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