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