Shawano, WI - Walgreens

Description:

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN, top-ranking, drive-thru pharmacy equipped, Walgreens investment property located in Shawano, WI. The tenant, Walgreen Co., has 10+ years remaining with an additional 10 (5-year) option periods left to extend. The lease features a one-time 14%+ rental increase at the beginning of the first option period, growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities, making it an ideal, management-free investment opportunity for a passive investor.

The Walgreens site is strategically located along Green Bay Street with an average of 10,700 vehicles passing by daily. The property also benefits from nearby access onto State Highway 22 (7,600 VPD), Waukechon Street (6,000 VPD), State Highway 55 (6,900 VPD), and others, making it a centralized location with easy access. Walgreens is ideally situated within a dense retail trade area with major surrounding tenants including Walmart, Dunham’s Sports, ALDI, Tractor Supply Co., True Value, BMO Harris Bank, and others. The strong tenant presence drives a steady stream of loyal, local consumers to the area, promoting crossover exposure and supporting the local economy. As a result, the subject is the number one most visited pharmacy within a 30-mile radius, with 227K+ annual visits (per Placer.ai). Furthermore, the property is near numerous single-family communities and multi-family complexes including Shawano Apartments (26 units), The Glenderry (36 units), Shawano Square (48 units), and others, providing a direct residential consumer base. The 5-mile trade area is supported by over 14,400 residents and 7,700 daytime employees with a healthy average household income of $82,928.

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