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Walgreens 2301 Hall Ave 14,820 SF Retail Building Marinette, WI 54143 $3,860,276 CAD ($260.48 CAD/SF) 8.75% Cap Rate
Investment Highlights
- 10+ Years Remaining | One-Time 14% Rental Increase | Corporate Signed Lease | Top Performing Store Within 30 Miles
- Direct Residential Consumer Base | Strong Demographics in 5-Mile Trade Area
- Signalized, Hard Corner Intersection | Centralized Location | Drive-Thru Equipped Pharmacy | Excellent Visibility & Access
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Dense Retail Trade Area | Strong National Tenant Presence
Executive Summary
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN, top-ranking, drive-thru pharmacy equipped, Walgreens investment property located in Marinette, WI. The tenant, Walgreen Co., has 10+ years of firm term remaining with an additional 10 (5-year) option periods left to extend. The lease features a one-time 14% rental increase at the beginning of the first option period, growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities, making it an ideal, management-free investment opportunity for a passive investor.
Property Facts
Sale Type
Investment NNN
Property Type
Building Size
14,820 SF
Building Class
C
Year Built
2004
Price
$3,860,276 CAD
Price Per SF
$260.48 CAD
Cap Rate
8.75%
NOI
$337,774 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
2.02 AC
Opportunity Zone
Yes
Zoning
B-3 - Community Business District
Parking
54 Spaces (3.64 Spaces per 1,000 SF Leased)
Somewhat walkable
30/100
Moderately drivable
70/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 251-03791.003 | Improvements Assessment | $2,741,899 CAD |
| Land Assessment | $684,234 CAD | Total Assessment | $3,426,133 CAD |
Property Taxes
Parcel Number
251-03791.003
Land Assessment
$684,234 CAD
Improvements Assessment
$2,741,899 CAD
Total Assessment
$3,426,133 CAD
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Walgreens | 2301 Hall Ave
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