Retail    

Walgreens

 Wisconsin Dells, WI

Price

$4,360,000

Cap Rate

7.00%

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Lease Type

Long-Term Abs NNN

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Recent 15-Yr Lease Ext

Strong Commitment

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Reported Sales (2023)

$5.04M+

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Major Tourism

5M+ Annual Visitors

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Signalized Corner

41,900+ VPD

For more details on this exclusive listing

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INVESTMENT HIGHLIGHTS

  • Abs NNN Lease with Recent 15-Year Extension
    Walgreens is operating under an Abs NNN lease with zero landlord responsibilities whatsoever 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.
  • Wisconsin Dells with 5+ Million Tourists Each Year
    With a location in the city of Wisconsin Dells, the Property is located within one of the largest tourism destinations in the entire Midwest. The area has many indoor and outdoor waterparks, proclaiming itself the “Waterpark Capital of the World.” The Dells welcomes approximately 5+ million visitors annually, and the area has more hotel room and lodging options than any other destination in the state, at just over 10,000.
  • Top Performing Store with 17+ Years of Proven Occupancy
    Walgreens has occupied the site since 2007, signifying a strong sales record and loyal customer base at this location. The nearly 17 years of tenancy, combined with outstanding sales, provides strong evidence of Walgreens’ financial stability at this location. Walgreens reported $5.04M+ in 2023 and has averaged $5.1M+ over the past 3 years. Inquire with the broker for full sales details.
  • Retail Corridor with Proximity to Mt. Olympus Resort
    The Property is located about 0.50 miles down the road from Mt. Olympus Water & Theme Park Resort, one of the largest watersport resorts in Wisconsin Dells, that sees over 1.3 million visitors each year. Additionally, the Property is located in close proximity to several national retailers who drive additional consumer traffic into the trade area. Some of these nearby tenants include: McDonald’s, Starbucks, Culver’s, Kwik Trip, IHOP, Taco Bell, and Dunkin’, among others.
  • Signalized Corner Location with Excellent Accessibility
    The Property benefits from excellent access and visibility at the signalized intersection of I-90 ALT (10,301 VPD) and State Highway 13 (31,600 VPD), two highways which combine to see over 41,900 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.
  • Location near Interstate 90
    The Property is located less than 1 mile east of the on/off ramps for Interstate 90, the longest Interstate Highway in the United States. The interstate sees over 42,445 vehicles per day, allowing Walgreens to take full advantage of the tourists who pass through the area.
  • Large Site with Drive-Thru Pharmacy & Ample Parking
    The Property is situated on a large +/- 1.8-acre parcel with +/- 67 surface spaces and features a drive-thru pharmacy, a significant advantage over other Walgreens and pharmacy stores without the same attribute.

Exclusively Listed By

BJ Feller

Senior Vice President & Managing Director
  bfeller@northmarq.com      +1 773.727.4285
WI Broker #57176-90

Isaiah Harf

Regional Managing Director
  iharf@northmarq.com   

Christian Tremblay

Vice President
  ctremblay@northmarq.com   

Mark Lovering

Associate Vice President
  mlovering@northmarq.com   

Blaise Bennett

Associate Vice President
  bbennett@northmarq.com   

Jack Collins

Associate Vice President
  jcollins@northmarq.com   

Josh Dicker

Senior Associate
  jdicker@northmarq.com   

Robin Borgeson

Associate
  rborgeson@northmarq.com   

Sam Ray

Associate
  sray@northmarq.com   

Northmarq

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Chicago, Illinois 60601


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