Walgreens

• CORPORATE ABSOLUTE NNN LEASE | DRIVE-THRU PHARMACY: ±14,490 SF freestanding Walgreens on ±2.03 acres, leased to Walgreen Co. on an absolute NNN basis. Walgreens pays taxes and insurance and covers all maintenance, repairs and replacements, including roof, structure and parking lot. Current term runs through July 2030, with ten 5-year renewal options through July 2080 and tenant termination rights every five years beginning in July 2030.
• LOW RENT | ~3.6% RENT-TO-REPORTED-SALES RATIO: Annual rent of $181,821 ($12.55 PSF) represents approximately 3.6% of reported sales. Sales information is available to qualified buyers upon execution of a confidentiality agreement.
• ONLY WALGREENS IN WAUPACA: The only Walgreens in Waupaca, with the nearest location approximately 17 miles away in New London.
• HOSPITAL CONTRACT PHARMACY Designated contract pharmacy for ThedaCare Medical Center–Waupaca, a 25-bed Critical Access Hospital approximately 1.6 miles away, under an agreement in place since October 2021.
• STRONG SURROUNDING TENANT MIX: Nearby retailers and restaurants include Pick ‘n Save, Aldi, Piggly Wiggly, Dollar General, Dollar Tree, McDonald’s, Culver’s, Starbucks, Dunkin’, Taco Bell and Hardee’s.
• SIGNALIZED INTERSECTION | GROCERY-ANCHORED OUTPARCEL: Located at W. Fulton Street (STH 49) and Western Avenue, approximately one minute from the US-10 interchange. Recorded cross-access easements connect the site to Pick ‘n Save and McDonald’s. The property features a reader-board pylon sign with LED capability.
• GATEWAY TO A REGIONAL TOURIST DESTINATION: Positioned along Waupaca’s main retail corridor by the US-10 interchange, the primary entry point for visitors to the Chain O’ Lakes, a system of 22 interconnected spring-fed lakes. The area’s population swells to approximately 30,000 during the summer season.
• REGIONAL HUB AT A FOUR-HIGHWAY JUNCTION: Waupaca sits at the junction of US-10 and State Highways 22, 49 and 54, approximately 30 miles from Stevens Point, 40 miles from the Fox Cities and 70 miles from Green Bay. The city serves a trade area of roughly 15,000 people.
• GROWING, STABLE TRADE AREA: 13,350 residents live within five miles, including 9,172 within three miles. Average household income is $97,238 within one mile and $96,627 within five miles, with 5,858 households within five miles.