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Waukesha, WI - Walgreens

$4,556,250

2700 N. Grandview Boulevard, Vernon, WI 53188

Active
Last Updated: 04/19/2025

8

Cap Rate

364,500

NOI

Details:
Cap Rate:    8%
NOI:    $364,500
Building Size:    14,567 sqft
Lot Area:    1.82 acres
Year Built:    2004
Description:

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Walgreens investment property located in Waukesha, WI. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for an out of state investor.

The Walgreens is located near the signalized, hard corner intersection of Silvernail Rd and N Grandview Blvd with a combined (37,000 VPD). The Walgreens is an outparcel to Grandview Plaza that also features national/credit tenants including Office Depot, Buffalo Wild Wings, Starbucks, Culvers and Panda Express In addition, Walgreens is also across Silvernail Shopping Center that includes Wendys, H&R Block, U.S. Bank Branch, Arby’s, UPS, Pick ‘n Save, and more. The 5-mile trade area is supported by a population of over 110,736 with an average household income of $119,298.

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