WALGREENS

2700 N Grandview Blvd, Waukesha, WI 53188
$6,632,000

Cap Rate
5.85%
Price Per SF
$455
Year Built
2003
Occupancy
100%
Leasable Area
14,580 SF
Term Remaining
11 YRS
NOI
$387,999
Property Type
Retail

INVESTMENT HIGHLIGHTS

  • ±11 years remaining on the initial lease term and zero landlord responsibilities
  • Corporate guarantee with Walgreens (NYSE: WBA) which has investment grade credit of BBB by Standard & Poor’s and market cap of over $83 billion
  • Strong historical sales performance – see broker for additional information
  • Multiple points of ingress and egress and good visibility from both Grandview Blvd and Silvernail Road which have combined traffic counts of over 36,000 cars per day
  • Grandview Blvd is a main connecting road between I-94 (93,000+ cars per day) and the affluent neighborhoods of Waukesha
  • Walgreens is ideally positioned across I-94 from GE Healthcare Headquarters which has over 6,500 employees
  • Waukesha is an affluent suburb of Milwaukee which is well known for attractions like Miller Park (home of the Brewers) and Harley
  • Davidson Museum
  • Waukesha County’s average annual wage is over $50,000 and among Wisconsin’s highest in all 72 counties
  • Population of over 54,000 in a 3-mile radius and average household income of over $78,000
  • Population of over 109,490 in a 5-mile radius and average household income of over $87,900

Broker of Record

  • Kyle Matthews
  • License No. 9381054-91
  • (310) 919-5757
  • Matthews Retail Group, Inc.
  • 841 Apollo Street Suite 150,
    El Segundo, CA 90245