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Walgreens: Lake Mills, WI 812 N Main St 14,844 SF Retail Building Lake Mills, WI 53551 $4,093,941 CAD ($275.80 CAD/SF) 7.75% Cap Rate
Investment Highlights
- Robust industrial corridor (1.4 MSF of industrial within 5-miles)
- Surrounded by retailers like Lake Mills Market (local grocer), Anytime Fitness, Ace Hardware, McDonald’s, Culver’s, etc.
- Absolute NNN Lease
Executive Summary
Walgreens is positioned with excellent access and visibility at the hard corner, signalized intersection of North Main Street (11,300 VPD) and East Tyranena Park Road (6,700 VPD), where it is feet from the on-ramp to Interstate 94 (40,800 VPD), which provides direct access to downtown Milwaukee (52.5 miles east). Originally set to expire in 2034, Walgreens’ absolute NNN lease was extended through 2038 and now features ±12.3 years of primary term remaining with eleven, 5-year options to renew.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,844 SF
Building Class
B
Year Built
2007
Price
$4,093,941 CAD
Price Per SF
$275.80 CAD
Cap Rate
7.75%
NOI
$317,280 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.22
Lot Size
1.55 AC
Parking
60 Spaces (4.04 Spaces per 1,000 SF Leased)
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 246-0713-1223-018 | Improvements Assessment | $2,745,293 CAD |
| Land Assessment | $1,126,388 CAD | Total Assessment | $3,871,682 CAD |
Property Taxes
Parcel Number
246-0713-1223-018
Land Assessment
$1,126,388 CAD
Improvements Assessment
$2,745,293 CAD
Total Assessment
$3,871,682 CAD
Contacts
-
Thomas Carr -
Brian Pfohl -
Christopher Bosworth -
Abby Kelly -
Katie Goldberg -
Kaitlyn Wolf -
Leah Lindell -
Brian Wolff -
CBRE
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Walgreens: Lake Mills, WI | 812 N Main St
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