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Walgreens 502 S Main St 14,820 SF Retail Building Rice Lake, WI 54868 $5,464,521 CAD ($368.73 CAD/SF) 7.31% Cap Rate
Investment Highlights
- Absolute Triple Net Lease
- Strong and Consistent Store Sales
- 8 Years Remaining on the Lease
Executive Summary
Absolute NNN Walgreens in Wisconsin
• Strong Consistent Sales
• Signalized Corner
• 2008 Construction
• Low Rent Per Foot ($1.64)
• Newer Modern Walgreens Design
• Approximately 90 Miles from Minneapolis
• Strong Consistent Sales
• Signalized Corner
• 2008 Construction
• Low Rent Per Foot ($1.64)
• Newer Modern Walgreens Design
• Approximately 90 Miles from Minneapolis
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,820 SF
Building Class
C
Year Built
2008
Price
$5,464,521 CAD
Price Per SF
$368.73 CAD
Cap Rate
7.31%
NOI
$399,409 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
1.72 AC
Opportunity Zone
Yes
Amenities
- Air Conditioning
Moderately walkable
60/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 276-2326-02-000 | Improvements Assessment | $3,453,249 CAD |
| Land Assessment | $482,164 CAD | Total Assessment | $3,935,413 CAD |
Property Taxes
Parcel Number
276-2326-02-000
Land Assessment
$482,164 CAD
Improvements Assessment
$3,453,249 CAD
Total Assessment
$3,935,413 CAD
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Walgreens | 502 S Main St
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