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INVESTMENT HIGHLIGHTS
Recent 12-Year Lease Extension Walgreens recently extended its base lease term at the Property for an additional 12 years, demonstrating their strong commitment to the long term continued success of this location.
Ultra-Affluent Demographics in Milwaukee’s Premier North Shore The city of Mequon has a population of 25,000+ and possesses one of the lowest crime rates and one of the lowest tax rates in the Metropolitan Milwaukee area. The demographics surrounding the Property are fantastic, with household incomes topping $213K within a 1-mile radius, and the population reaching 54K+ within a 5-mile radius.
Top Performing Store with 20+ Years of Proven Occupancy Walgreens has occupied the site since 2003, signifying a strong sales record and loyal customer base at this location. The 21 years of tenancy, combined with outstanding sales, provides strong evidence of Walgreens’ financial stability at this location. Walgreens reported $4.6M+ in 2023 and has averaged $4.7M+ over the past 2 years. Inquire with the broker for full sales details.
Long-Term NNN Lease Walgreens is operating under an NNN lease with limited landlord responsibilities and 12+ years of base lease term remaining. This lease structure provides potential investors with a passive income investment asset with longterm, stable cash flows.
Strong Retail Corridor The Property is located within a strong commercial corridor of Mequon that is home to many national retailers who not only drive traffic into the trade area, but also demonstrate the quality of the underlying real estate. Some nearby tenants of the site include: McDonald’s, Marcus North Shore Cinema, Metro Market, Starbucks, PNC Bank, Culver’s, Marshalls, The UPS Store, Mobil, and Ace Hardware, among others.
Excellent Access & Visibility Along Primary Thruway The Property is positioned with excellent access and visibility along N Port Washington Road, a primary northsouth thruway for Mequon. The Property’s strategic placement along the road significantly helps to drive consumers into the site and gives the underlying real estate inherent value.
Large Site with Drive-Thru Pharmacy & Ample Parking The Property is situated on a large +/- 2.2-acre parcel with a drive-thru pharmacy, and is part of a larger shopping center that features over 283 surface parking spaces, a significant advantage over other Walgreens and pharmacy stores without the same attributes.
