Priced To Sell: Walgreens | 9.5 Years Remaining | 7.25 CAP | Absolute NNN | Year End Closing Preferred

Agent Info

Brandon Hanna

248.702.0290
bhanna@encorereis.com

Ryan Vinco

248.702.0299
ryan@encorereis.com

Brent Hanna

248.702.0293
brent@encorereis.com

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Offering Information

2222 West Capitol Drive
Milwaukee, WI 53206

  • Price: $3,797,380
  • Cap. Rate: 7.25%
  • NOI: $275,310
  • Building Size: 14,171SF
  • Lot Size: 1.64 AC

Investment Highlights

  • ABSOLUTE NET LEASE | ZERO LANDLORD RESPONSIBILITIES
  • CORPORATE BACK GUARANTEE | WALGREENS BOOTS ALLIANCE
  • WALGREENS IS THE ONLY DRUGSTORE IN THE IMMEDIATE AREA
  • FAVORABLE IN-PLACE LEASE ECONOMICS | 9+YEARS REMAINING
  • EASY ACCESS | STRONG SIGNAGE & VISIBILTY FROM MAIN ROAD
  • HIGH VOLUME TRAFFIC| COMBINED TRAFFIC COUNTS 40,000 VPD+
  • FIVE MILE POPULATION: 439,644 PEOPLE | DENSILY POPULATED AREA
  • FIVE MILE AVERAGE HOUSEHOLD INCOME: $59,619
  • MILWAUKEE IS THE LARGEST CITY IN THE STATE OF WISCONSIN
  • MILWAUKEE IS HOME TO 6 FORTUNE 500 COMPANY HEADQUARTERS