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Walgreens N 168 W 21330 Main St 14,765 SF Retail Building Jackson, WI 53037 $2,662,830 ($180.35/SF) 7.75% Cap Rate
Investment Highlights
- Recently-Extended Absolute NNN Lease | Eleven, 5-Year Options to Renew
- Located at the Hard Corner of the Signalized Intersection of Industrial Drive and Main Street (12,800 VPD)
- 1.5 MSF of Retail, 8.0 MSF of Industrial & 1,292 Multifamily Units within 5-Miles
- Located Less Than 23 Miles Northwest of Downtown Milwaukee (MSA Population: 1.57M+)
- Less Than a Mile from the On-Ramp for West Bend Freeway (32,600 VPD)
- Surrounding Retail Synergies Include: Piggy Wiggly, Ace Hardware, McDonald's, Dairy Queen, Culver's, Domino's Pizza, Subway, etc.
Executive Summary
CBRE is pleased to offer for sale the 14,765-square-foot Walgreens situated on 2.57 acres in Jackson, Wisconsin--part of the Milwaukee-Waukesha, WI MSA (Population: 1.57M+). Originally set to expire in 2034, Walgreens’ absolute NNN lease was extended through 2038 and now features ±12.4 years of primary term remaining with eleven, 5-year options to renew.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,765 SF
Building Class
B
Year Built
2008
Price
$2,662,830
Price Per SF
$180.35
Cap Rate
7.75%
NOI
$206,369
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
2.57 AC
Parking
85 Spaces (3.37 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | V3-007400B | Improvements Assessment | $1,899,900 |
| Land Assessment | $1,065,600 | Total Assessment | $2,965,500 |
Property Taxes
Parcel Number
V3-007400B
Land Assessment
$1,065,600
Improvements Assessment
$1,899,900
Total Assessment
$2,965,500
Contacts
-
Brian Pfohl -
Thomas Carr -
Christopher Bosworth -
Brian Wolff -
Kaitlyn Wolf -
Leah Lindell -
Abby Kelly -
CBRE
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Walgreens | N 168 W 21330 Main St
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