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Walgreens 502 S Main St 14,820 SF Retail Building Rice Lake, WI 54868 $3,995,000 ($269.57/SF) 7.31% Cap Rate
Investment Highlights
- Absolute Triple Net Lease
- Strong and Consistent Store Sales
- 8 Years Remaining on the Lease
Executive Summary
Absolute NNN Walgreens in Wisconsin
• Strong Consistent Sales
• Signalized Corner
• 2008 Construction
• Low Rent Per Foot ($1.64)
• Newer Modern Walgreens Design
• Approximately 90 Miles from Minneapolis
• Strong Consistent Sales
• Signalized Corner
• 2008 Construction
• Low Rent Per Foot ($1.64)
• Newer Modern Walgreens Design
• Approximately 90 Miles from Minneapolis
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,820 SF
Building Class
C
Year Built
2008
Price
$3,995,000
Price Per SF
$269.57
Cap Rate
7.31%
NOI
$292,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
1.72 AC
Opportunity Zone
Yes
Amenities
- Air Conditioning
Nearby Major Retailers
Property Taxes
| Parcel Number | 276-2326-02-000 | Improvements Assessment | $2,524,600 |
| Land Assessment | $352,500 | Total Assessment | $2,877,100 |
Property Taxes
Parcel Number
276-2326-02-000
Land Assessment
$352,500
Improvements Assessment
$2,524,600
Total Assessment
$2,877,100
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Walgreens | 502 S Main St
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