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Walgreens 675 S Water St 14,820 SF Retail Building Platteville, WI 53818 $4,835,076 CAD ($326.25 CAD/SF) 10% Cap Rate



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
Building Size
14,820 SF
Building Class
B
Year Built
2008
Price
$4,835,076 CAD
Price Per SF
$326.25 CAD
Cap Rate
10%
NOI
$483,508 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 Boots Alliance traces its roots to Walgreens, founded in Chicago in 1901, and later grew through the combination with Alliance Boots into a broader healthcare, pharmacy, and retail business. The company describes itself as an integrated healthcare, pharmacy, and retail leader serving millions of customers and patients every day. Its business spans retail pharmacy, prescription services, health and wellness products, and related healthcare offerings, reflecting a focus on community-based care and access to medicines and services.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
Retailer | - | - | Triple Net | Jul 2033 |
Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 271-02242-0000 | Improvements Assessment | $2,955,834 CAD |
| Land Assessment | $1,290,267 CAD | Total Assessment | $4,246,101 CAD |
Property Taxes
Parcel Number
271-02242-0000
Land Assessment
$1,290,267 CAD
Improvements Assessment
$2,955,834 CAD
Total Assessment
$4,246,101 CAD
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Walgreens | 675 S Water St
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