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INVESTMENT HIGHLIGHTS
NNN Lease with Recent 15-Year Extension | Walgreens is operating under NNN lease with limited landlord responsibilities and over 15 years of base lease term remaining. This lease structure provides potential investors with a passive income investment asset with long-term, stable cash flows. Additionally, Walgreens recently extended its base lease term at the Property for an additional 15 years, demonstrating their strong commitment to the long term continued success of this location.
Top Performing Store with 20+ Years of Proven Occupancy | Walgreens has occupied the site since 2004, signifying a strong sales record and loyal customer base at this location. The 20+ years of tenancy, combined with outstanding sales ($4.57M+ in 2023), provides strong evidence of Walgreens’ financial stability at this location. Inquire with the broker for full sales details.
Signalized Corner Location with Excellent Accessibility | The Property benefits from excellent visibility at the signalized intersection of S Fish Hatchery Road (18,277 VPD) and McKee Road (18,831 VPD), two primary thruways which combine to see over 37,108 vehicles per day. The Property’s strategic location at this intersection helps to drive consumers into the site, giving the underlying real estate inherent value.
Proximity to the University of Wisconsin - Madison | The Property is located less than 4.5 miles south from the campus of the University of Wisconsin - Madison, the official state university of Wisconsin, and the oldest and largest public university in the state. UW-Madison is comprised of thirteen schools and colleges and features a total enrollment of over 49,886 students, 24,000 staff members, and a total endowment of around $4 billion.
Dense & Affluent Madison MSA Demographics | The Property provides an investor with the opportunity to acquire an investment asset within the Madison, WI Metropolitan Statistical Area (MSA), the second-largest MSA in the state of Wisconsin with a population of 680,000+. As such, the surrounding areas of the site report a dense and affluent demographic environment. Within a 1-mile radius of the Property, there is an average household income of more than $137,500, and within a 5-mile radius, there is a recorded population of over 183,900.
Location near Strong Retail Corridor | The Property is located down the road from the strong commercial corridor of Fitchburg that is home to several national retailers, who not only drive consumers into the trade area but also demonstrate the quality of the underlying real estate. Nearby tenants of the site include: Target, Hy-Vee, AMC, Kwik Trip, Panera, Pick ‘n Save, and Taco Bell, among others.
Large Site with Drive-Thru Pharmacy | The Property is situated on a large +/- 1.73-acre parcel and features a drive-thru pharmacy, a significant advantage over other Walgreens and pharmacy stores without the same attribute.
