Walgreens | Retail Investment Opportunity

Highlights:

• Absolute NNN Lease - The property is subject to an absolute triple-net lease, requiring no landlord responsibilities for maintenance, repairs, or capital expenses—ideal for passive, hands-off ownership.
• Corporate Guarantee - Lease is secured by a corporate guarantee from the tenant’s parent company, enhancing credit strength and reducing risk of default.
• Signalized Hard Corner with Strong Traffic Counts - Positioned on a prominent signalized intersection with visibility to approximately 25,000 vehicles per day, offering strong exposure and accessibility.
• Below-Market Rent and Price Per Square Foot - Offered at a competitive rent and price point, presenting attractive entry-level pricing and potential long-term upside.
• Strong Store-Level Sales Performance - Reports $3.4 million in annual gross sales, indicating solid tenant performance and supporting long-term viability.
• Proximity to Lake Delton Tourism - Near Lake Delton, a well-trafficked vacation destination, driving additional foot traffic and seasonal demand.
• Only National Pharmacy Chain in the City - Sole location operated by a national pharmacy within the city limits, providing exclusivity and limited direct competition.
• Adjacent to Major Medical Facility - Located near a 125,000-square-foot medical center, creating strong synergy from nearby healthcare-related traffic.

Description:

Matthews is pleased to present a Walgreens-anchored, absolute NNN investment at 1100 E Main Street, Reedsburg, WI 53959, offering an investor a uniquely hands‑off asset with attractive fundamentals. Located at a high‑traffic, signalized corner generating approximately ±17,600 VPD, this property combines corporate-guaranteed credit, minimal cap-ex exposure, and low rent per square foot, underpinning return stability.

The site also benefits from robust in-store sales ($3.4 million annually) and its proximity to Lake Delton tourism and a large nearby medical facility (±125k SF), further enhancing demand and trade area dynamics. As the only national pharmacy option in Reedsburg, the asset enjoys exceptional market positioning.

This offering presents a rare opportunity to acquire a fully leased, passive income-generating property with significant upside potential in terms of lease maturity, rental escalation, or strategic disposition. With solid location fundamentals and industry-leading tenancy, this Walgreens provides an ideal addition to any portfolio.

In addition to its strong credit profile and market positioning, the property benefits from excellent long-term real estate fundamentals that further enhance its appeal. The combination of hard-corner visibility, established retail trade patterns, and a loyal customer base ensures consistent foot traffic and reinforces tenant success. Reedsburg itself is a stable and growing community supported by healthcare, education, and tourism, providing an economic backdrop that reduces volatility and supports sustained demand for essential goods and services.

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