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Walgreens W62N190 Washington Ave 14,550 SF Retail Building Cedarburg, WI 53012 $4,175,000 ($286.94/SF) 9.75% Cap Rate



Executive Summary
This is an attractive opportunity to acquire a freestanding, absolute NNN Walgreens in Cedarburg, Wisconsin, one of the most desirable suburban communities in the Milwaukee metropolitan area. The property is located in an affluent, established trade area that benefits from strong household incomes and long-term demographic stability. Walgreens has operated at this location for many years and continues to generate consistent in-store sales, supporting the tenant’s commitment to the site. The property is positioned at a highly visible, signalized intersection with excellent access and strong surrounding retail synergy. The absolute NNN lease structure provides passive, bond-like income with zero landlord responsibilities.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,550 SF
Building Class
B
Year Built
2010
Price
$4,175,000
Price Per SF
$286.94
Cap Rate
9.75%
NOI
$407,063
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
1.60 AC
Parking
40 Spaces (2.75 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
Fairly walkable
50/100
Very drivable
80/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 130510304027 | Improvements Assessment | $1,521,100 |
| Land Assessment | $473,200 | Total Assessment | $1,994,300 |
Property Taxes
Parcel Number
130510304027
Land Assessment
$473,200
Improvements Assessment
$1,521,100
Total Assessment
$1,994,300
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Contact the Sale Advisor
Walgreens | W62N190 Washington Ave
