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Walgreens - Franklin, WI 9527 S 27th St 15,120 SF Retail Building Franklin, WI 53132 $3,737,250 ($247.17/SF) 8% Cap Rate
INVESTMENT HIGHLIGHTS
- This investment features a national tenant backed by Walgreens Boots Alliance (NASDAQ: WBA), a Fortune 500 company operating over 8,500 locations.
- Walgreens has closed a number of stores as part of a strategic rightsizing initiative. As a result, the average visits per location have increased.
- The 15,120 SF building sits on a 2.1-acre site, offering long-term flexibility for potential redevelopment or repositioning.
- The property is prominently positioned on a signalized hard corner with strong frontage at W Ryan Rd (˜ 555.6 ft) and South 27th St (˜ 704.6 ft).
- Walgreens has maintained long-term occupancy at this location since 2000, underscoring tenant stability and familiarity in the market.
- Potential cash-oncash returns exceeding 10%, driven by in-place income and an available financing structure that may allow enhanced leverage.
EXECUTIVE SUMMARY
We are pleased to exclusively offer for sale the 15,120 SF Walgreens located at 9527 South 27th Street in Franklin, WI. This investment features a long-term tenant commitment, with Walgreens maintaining occupancy at this location since 2000, highlighting tenant stability and strong market familiarity. The property sits on a 2.1-acre site, offering significant potential for future redevelopment or repositioning, providing long-term flexibility for investors.
In Cooperation With ParaSell, Inc. , A Licensed Wisconsin Broker - Lic. #938545-91 BoR: Scott Reid - Lic. WI #58772-90
In Cooperation With ParaSell, Inc. , A Licensed Wisconsin Broker - Lic. #938545-91 BoR: Scott Reid - Lic. WI #58772-90
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
15,120 SF
Building Class
C
Year Built
2000
Price
$3,737,250
Price Per SF
$247.17
Cap Rate
8%
NOI
$298,989
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
2.10 AC
Parking
83 Spaces (5.49 Spaces per 1,000 SF Leased)
AMENITIES
- Signage
- Drive Thru
- Monument Signage
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Walgreens
- Health Care and Social Assistance
- 15,120 SF
- $1.65
- Double Net
- Nov 2030
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Walgreens | Health Care and Social Assistance | 15,120 SF | $1.65 | Double Net | Nov 2030 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 902-9964-002 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $2,862,100 |
PROPERTY TAXES
Parcel Number
902-9964-002
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$2,862,100
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Walgreens - Franklin, WI | 9527 S 27th St
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