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CVS Pharmacy 1108 N 14th St 13,000 SF Retail Building Sheboygan, WI 53081 $6,692,718 CAD ($514.82 CAD/SF) 6% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Long Term Lease
  • Investment Grade Credit
  • High Traffic Counts
  • Zero Landlord Responsibilites
  • Strategic Retail Location
  • Nearby Attractions

EXECUTIVE SUMMARY

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the single-tenant, Absolute NNN leased CVS located 1108 N 14th Street in Sheboygan, Wisconsin (the “Property”). The build to suit property was developed in 2015 and CVS has 15+ years remaining on their lease with ten (10), 5-year renewal options. The Property is situated on a highly visible corner parcel at the signalized intersection of N 14th Street and Erie Avenue (WI Route 23), the area’s primary commercial and commuter corridor. CVS enjoys outstanding visibility and frontage with three points of access and is surrounded by national and local retailers and restaurants that drive traffic to the area. Located in the heart of Sheboygan, the Property is 1.1 miles from Lake Michigan, North Side Beach, and the Harbor Center Marina and is positioned in the heart of a densely populated residential area that provides a captive customer base. The Property is convenient to HSHS St Nicholas Hospital, the University of Wisconsin Breen Bay-Sheboygan Campus, several large manufacturing and distribution facilities, and Interstate 43. Sheboygan is located on the shores of Lake Michigan approximately 60 miles south of Green Bay and 55 miles north of Milwaukee.

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
13,000 SF
Building Class
C
Year Built
2015
Price
$6,692,718 CAD
Price Per SF
$514.82 CAD
Cap Rate
6%
NOI
$401,563 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
1.52 AC
Zoning
BB2

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Retailer
  • -
  • -
  • Triple Net
  • Jan 2041

CVS Health is building a world of health around every consumer. Their unmatched reach allows them to deliver high-quality, affordable health care when and how individuals choose. They are on a mission to deliver superior and more connected experiences, lower the cost of care and improve the health and well-being of those they serve. As a leading health solutions company, they offer multiple channels to access health care locally and nationally. Their strong community presence, tech-forward approach and unmatched engagement with millions of people enabling them to deliver high-quality, personalized, affordable health care. Guided by their purpose, CVS Health® is building an entire world of health care around each and every person they serve, no matter where they are on their journey. They listen, show empathy and deliver innovative solutions that serve people’s unique needs and earn their loyalty. Because how they deliver their services is just as important as what they deliver.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Retailer - - Triple Net Jan 2041
Walk Score®
Very Walkable (85)
Bike Score®
Very Bikeable (73)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

NEARBY MAJOR RETAILERS

Starbucks
Pick 'N Save
U.S. Bank
Ymca

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
59281204952
Land Assessment
$1,465,389 CAD
Improvements Assessment
$2,228,487 CAD
Total Assessment
$3,693,876 CAD
  • Listing ID: 35571305

  • Date on Market: 2025-04-21

  • Last Updated:

  • Address: 1108 N 14th St, Sheboygan, WI 53081

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