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S79W18885 Janesville Rd
Muskego, WI 53150
Walgreens · Retail Property For Sale
Investment Highlights
- Established Tenancy With Strong In-Place Sales and Passive Lease Structure
- Hard Corner Location with Excellent Access and Visibility
- Modern Building on a Spacious Parcel
- Affluent Trade Area with Consistent Income Growth
- Established Retail Corridor with Diverse Tenancy
Executive Summary
Walgreens has operated at this location since 2004, reflecting more than 20 years of continuous occupancy. The Property is backed by an absolute NNN lease with zero landlord responsibilities and features ten five-year renewal options, with three years and one month remaining on the current term. The store is outperforming the national average, reinforcing its position as a productive retail location. Muskego is one of the most affluent suburbs in the Milwaukee metro, with average household income within a five-mile radius projected to grow from $145,615 in 2024 to $165,942 by 2029—an annual growth rate of 2.65 percent.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
12,809 SF
Building Class
C
Year Built
1900
Price
$5,869,195 CAD
Price Per SF
$458.21 CAD
Cap Rate
8.75%
NOI
$513,555 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
2.87 AC
Zoning
B
Parking
85 Spaces (6.64 Spaces per 1,000 SF Leased)
Frontage
453’ on Janesville Rd
Amenities
- Dedicated Turn Lane
- Pylon Sign
- Signalized Intersection
- Drive Thru
Property Taxes
| Parcel Number | MSKC-2225-987-002 | Improvements Assessment | $2,513,605 CAD |
| Land Assessment | $1,402,779 CAD | Total Assessment | $3,916,384 CAD |
Property Taxes
Parcel Number
MSKC-2225-987-002
Land Assessment
$1,402,779 CAD
Improvements Assessment
$2,513,605 CAD
Total Assessment
$3,916,384 CAD
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