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Walgreens 675 S Water St 14,820 SF Retail Building Platteville, WI 53818 $4,824,804 CAD ($325.56 CAD/SF) 10% Cap Rate

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Investment Highlights

  • Long Term Lease
  • Corporate Guarantor
  • University of Wisconsin - Platteville
  • Zero Management Responsibilities
  • Strategic Retail Location
  • Traffic Counts

Executive Summary

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the single-tenant, absolute triple-net Walgreens located at 675 S Water Street in Platteville, Wisconsin (the “Property”). Walgreens has occupied the Property since it was constructed in 2008 and has 7+ years of term remaining on the lease followed by ten (10), 5-year renewal options. Walgreens is located on a prominent corner parcel at the signalized intersection of S Water Street (WI Route 80) and Dubuque Road (US Route 151 BUS), the area’s primary commercial and commuter corridors. The site benefits from outstanding frontage and visibility and two points of convenient access, serving as a key retail destination for both local residents and regional travelers. Positioned less than a half mile from downtown Platteville, the Property is surrounded by neighborhood amenities including neighborhood retailers, restaurants, schools, and hotels. U.S. Route 151 provides direct access to Dubuque, IA, 20 miles to the southwest, and to Madison, 70 miles northeast supporting consistent traffic and connectivity to the broader region. The Walgreens is 0.7 miles from the University of Wisconsin – Platteville and 2 miles from Southwest Health Emergency Medical Services (Hospital). ANDREW O’CONNELL 60144-90

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,820 SF
Building Class
B
Year Built
2008
Price
$4,824,804 CAD
Price Per SF
$325.56 CAD
Cap Rate
10%
NOI
$482,480 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
2.10 AC
Opportunity Zone
Yes

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Retailer
  • -
  • -
  • Triple Net
  • Jul 2033

Walgreens est une destination de santé locale fiable et pratique sur laquelle des millions d'Américains comptent chaque jour. Leur fondateur, Charles R. Walgreen père, était connu pour avoir trouvé de nouvelles façons de communiquer avec les clients sur un plan personnel et pour traiter chaque personne comme un invité dans sa propre maison. Depuis plus d'un siècle, ils ont élargi ce lien personnel grâce à leur réseau de pharmacies de quartier et à leurs produits et services de santé novateurs. Le fondement de tout cela repose sur leur expertise pharmaceutique de confiance et les membres de leur équipe qui fournissent des soins essentiels qui aident les gens à obtenir de meilleurs résultats en matière de santé à un coût abordable.

Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Retailer - - Triple Net Jul 2033

Nearby Major Retailers

Anytime Fitness
Country Kitchen
Snap Fitness
Piggly Wiggly
Old National Bank

Property Taxes

Property Taxes

Parcel Number
271-02242-0000
Land Assessment
$1,287,526 CAD
Improvements Assessment
$2,949,554 CAD
Total Assessment
$4,237,080 CAD
  • Listing ID: 39625428

  • Date on Market: 2026-03-02

  • Last Updated:

  • Address: 675 S Water St, Platteville, WI 53818

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