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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.
Long-Term Tenancy w/ Outstanding Sales Performance | The site has been occupied by Walgreens since 2005, signifying a strong sales record and loyal customer base for Walgreens at this location. The nearly 20 years of tenancy, combined with outstanding sales, provides strong evidence of Walgreens’ financial stability at this Sussex location. Walgreens reported $3.26M+ in 2023 and has averaged $3.18M+ over the past 3 years.
Signalized Corner Location with Excellent Accessibility | The Property is located at the signalized intersection of Main Street and WI-164 (combined ± 32,375 VPD) in which WI-164 is the major thoroughfare for Sussex and much of the surrounding area.
Kohl’s Outparcel Site | The Property is situated on an outparcel lot to Kohl’s at the prime corner location of a retail corridor. Walgreens is near other prominent retailers including; Pick n’ Save, U.S. Bank, BMO Harris Bank, McDonald’s, Starbucks, Taco Bell, Culver’s, 7-Eleven, AutoZone and many more.
Outstanding Demographics | The Property is located 20 miles northwest of downtown Milwaukee and is part of the Milwaukee MSA with over 53,894 residents and $142,627 household income within a 5-mile radius of the Property.
Large Site with Drive-Thru Pharmacy & Ample Parking | The Property is situated on a large ± 2.52-acre parcel with ± 74 surface spaces and features a drive-thru pharmacy, a significant advantage over other Walgreens and pharmacy stores without the same attribute.
