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INVESTMENT HIGHLIGHTS
Recent 15-Year NNN Lease Extension | Walgreens is operating under an NNN lease with minimal landlord responsibilities and recently executed an extension, extending the primary term 15 years through 2039. Investors covet this lease structure as it provides for a passive income investment with long-term cash flows.
Long-Term Tenancy & Established Store with Sales Exceeding National Average | Walgreens has occupied the site since 1998, signifying a strong sales record and loyal customer base at this location. The nearly 26 years of tenancy, combined with outstanding sales, provide strong evidence of Walgreens’ financial stability at this Janesville location. Inquire with the broker for sales details.
Signalized Corner Location with Excellent Visibility & Access | The Property is located at the signalized intersection of Milton Avenue (25,000+ VPD) and Black Bridge Road (7,900+ VPD). Milton Avenue is a significant thoroughfare known for its commercial development. It runs north-south through the city of Janesville and is a primary route for locals and visitors alike.
Dense Retail Trade Area | The Property is strategically located along Milton Avenue, approximately one mile south from the Uptown Janesville Shopping Mall, the largest enclosed shopping venue in Rock County, with more than 7 million shoppers annually. The mall is filled with national brand tenants, such as Dick’s Sporting Goods, Kohl’s, and ULTA Beauty, driving consumer foot traffic into the surrounding trade area. Additionally, the site is surrounded by other prominent retailers, including Schnucks Grocery, OfficeMax, Woodman’s Food Market, McDonald’s, Wendy’s, AutoZone, and many more.
Strong Demographics | The Property is located 15 miles north of the Illinois state line and about 35 miles southeast of Madison, with approximately 70,000 residents earning an average household income of $84,700+ within a 5-mile radius of the Property.
Large Site with Drive-Thru Pharmacy & Ample Parking | The Property is situated on a large ± 1.44-acre parcel with ± 70 surface spaces and features a drive-thru pharmacy, a significant advantage over other Walgreens and pharmacy stores without the same attribute.
