819 N Memorial Dr | Racine, WI 53404
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819 N Memorial Dr
Racine, WI 53404
Walgreens (Dark) - Racine, WI · Retail Property For Sale
Investment Highlights
- Single-Tenant Freestanding 'Dark' Walgreens Strategically Located 25 Miles South of Milwaukee
- Tenant Will Continue to Pay Rent and Maintain Absolute Triple Net (NNN) Responsibilities Until 12/31/2025
- Strong Demographics, Including Over 83,000 People Located Within a 3- Mile Radius with an Average Household Income of Over $72,000
- Building Sits on the Hard-Corner of State Street (14,000+ VPD) and North Memorial Drive (17,000+ VPD), Neighboring the Racine Transit Center
- The Property is Located in an Opportunity Zone, Which Allows Investors to Receive Tax Benefits By Funding Development or Redevelopment Projects
Property Facts
Property Type
Retail
Property Subtype
Building Size
13,000 SF
Building Class
B
Year Built
1993
Tenancy
Single
Building Height
1 Story
Building FAR
0.28
Lot Size
1.05 AC
Zoning
B2 - Business
Parking
50 Spaces (3.99 Spaces per 1,000 SF Leased)
Frontage
222’ on N Memorial Dr Dr
Amenities
- Bus Line
- Pylon Sign
- Signalized Intersection
- Drive Thru
Property Taxes
| Parcel Number | 276-000007857000 | Improvements Assessment | $2,341,100 |
| Land Assessment | $177,900 | Total Assessment | $2,519,000 |
Property Taxes
Parcel Number
276-000007857000
Land Assessment
$177,900
Improvements Assessment
$2,341,100
Total Assessment
$2,519,000
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