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1717 Milton Ave
Janesville, WI 53545
Walgreens · Retail Property For Sale
Investment Highlights
- Recent 15-Year NNN Lease Extension
- Signalized Corner Location with Excellent Visibility & Access
- Strong Demographics
- Long-Term Tenancy & Established Store with Sales Exceeding National Average
- Dense Retail Trade Area
- Large Site with Drive-Thru Pharmacy & Ample Parking
Executive Summary
Northmarq is pleased to offer for sale to qualified investors the opportunity to purchase a fee-simple interest in the Walgreens asset located in Janesville, WI (“The Property”). The Property consists of a +/- 13,905 square foot freestanding building on a large 1.44-acre parcel of land with ample parking and a drive-thru. Walgreens recently extended its lease at this location, demonstrating its success and commitment to the site. Additionally, the lease features minimal landlord responsibilities, making this a highly passive net lease investment opportunity. See Lease Abstract for full details.
Property Facts In Escrow
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
13,905 SF
Building Class
C
Year Built
1998
Price
$4,879,476 CAD
Price Per SF
$350.92 CAD
Cap Rate
8%
NOI
$390,358 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.22
Lot Size
1.44 AC
Zoning
B3 - Business/Commercial District
Frontage
258’ on Milton Ave
Property Taxes
| Parcel Number | 021-9400003 | Improvements Assessment | $3,339,936 CAD |
| Land Assessment | $1,112,656 CAD | Total Assessment | $4,452,592 CAD |
Property Taxes
Parcel Number
021-9400003
Land Assessment
$1,112,656 CAD
Improvements Assessment
$3,339,936 CAD
Total Assessment
$4,452,592 CAD
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