Walgreens 5702 Raymond Rd 15,555 SF Retail Building Madison, WI 53711 $6,220,800 CAD ($399.92 CAD/SF) 8% Cap Rate

CRER is pleased to exclusively present a fee simple ownership interest on a Walgreens located in Madison, Wisconsin. The Subject Property (the “Property” or “Walgreens”) consists of approximately 1.17 acres located at the northwest corner of Raymond Road & South Whitney Way of Dane County. Affixed to the Property is a free-standing, single story, 15,555-square foot retail building with two drive thru lanes and 55 parking spaces.
The building was built in 2007 as a build-to-suit for Walgreens and is adjacent to a multi-tenant retail center, known as Meadwood Center, providing great synergy amongst the neighboring retailers. The Property benefits from the signalized intersection; generating a traffic count of over 20,100 vehicles per day and providing great visibility and easy ingress & egress access from either side of the street. The Property is also located less than 5 miles (14-minute drive) from the University of Wisconsin-Madison with an enrollment of 51,500 (fall 2025) students and a member of the Big Ten Conference.
The Subject Property is currently fully occupied and being leased to Walgreens Co. Walgreens is operating under an absolute-net (NNN) lease with zero landlord responsibilities. Walgreens is responsible for the maintenance and replacement of the Premise, including, but not limited to, interior & exterior of the building, including the roof, HVAC units and parking lot. There are approximately 6.5 years remaining on Walgreens’ initial 25-year lease with ten, 5-year options. Walgreens does not have a right-of-first refusal.