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Walgreens 675 S Water St 14,820 SF Retail Building Platteville, WI 53818 $3,530,000 ($238.19/SF) 10% Cap Rate

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Investment Highlights

  • Long Term Lease
  • Corporate Guarantor
  • University of Wisconsin - Platteville
  • Zero Management Responsibilities
  • Strategic Retail Location
  • Traffic Counts

Executive Summary

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the single-tenant, absolute triple-net Walgreens located at 675 S Water Street in Platteville, Wisconsin (the “Property”). Walgreens has occupied the Property since it was constructed in 2008 and has 7+ years of term remaining on the lease followed by ten (10), 5-year renewal options. Walgreens is located on a prominent corner parcel at the signalized intersection of S Water Street (WI Route 80) and Dubuque Road (US Route 151 BUS), the area’s primary commercial and commuter corridors. The site benefits from outstanding frontage and visibility and two points of convenient access, serving as a key retail destination for both local residents and regional travelers. Positioned less than a half mile from downtown Platteville, the Property is surrounded by neighborhood amenities including neighborhood retailers, restaurants, schools, and hotels. U.S. Route 151 provides direct access to Dubuque, IA, 20 miles to the southwest, and to Madison, 70 miles northeast supporting consistent traffic and connectivity to the broader region. The Walgreens is 0.7 miles from the University of Wisconsin – Platteville and 2 miles from Southwest Health Emergency Medical Services (Hospital). ANDREW O’CONNELL 60144-90

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,820 SF
Building Class
B
Year Built
2008
Price
$3,530,000
Price Per SF
$238.19
Cap Rate
10%
NOI
$353,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
2.10 AC
Opportunity Zone
Yes

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Retailer
  • -
  • -
  • Triple Net
  • Jul 2033

Walgreens is a major U.S. pharmacy and retail chain founded in 1901 in Chicago, Illinois. The company operates thousands of locations across the United States, providing prescription medications, over-the-counter drugs, health and wellness products, and convenience items. Walgreens also offers services such as immunizations, health screenings, and photo processing. The company has expanded its healthcare offerings through partnerships and in-store clinics, aiming to integrate pharmacy services with broader health solutions. Walgreens is part of Walgreens Boots Alliance, a global pharmacy-led health and wellbeing enterprise.

Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Retailer - - Triple Net Jul 2033

Nearby Major Retailers

Anytime Fitness
Country Kitchen
Snap Fitness
Piggly Wiggly
Old National Bank

Property Taxes

Property Taxes

Parcel Number
271-02242-0000
Land Assessment
$942,000
Improvements Assessment
$2,158,000
Total Assessment
$3,100,000
  • Listing ID: 39625428

  • Date on Market: 3/2/2026

  • Last Updated:

  • Address: 675 S Water St, Platteville, WI 53818

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