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Walgreens | Seller Will Provide 50% LTV Financing

$5,183,333

3805 80th Street, Kenosha, WI 53142

Active
Last Updated: 10/07/2024

6

Cap Rate

311,000

NOI

Details:
Cap Rate:    6%
NOI:    $311,000
Building Size:    19,374 sqft
Lease Type:    Double Net
Highlights:
  • Net Leased Offering
  • Corporate Guarantee - NASDAQ:WBA
  • Seller will Provide 50% LTV Financing
  • Tenant Exercised Second Option - Showing Commitment to Site
  • $5,592,102 in Reported Sales
  • Located within Greenwood Shopping Center
  • Hard Corner Location
  • Neighboring Tenants including KFC, Dollar Tree, Ace Hardware, Festival Foods, Chase Hardware, Burger King and more
Description:

The Kase Group is pleased to present the opportunity to purchase a well established Walgreens location in Kenosha, Wisconsin. The lease is corporately guaranteed by Walgreens and expires in September 2030 with ten, 5-year options left. This Walgreens is located on a hard corner within the Greenwood Shopping Center, a small neighborhood center, and neighboring tenants including KFC, Dollar Tree, Ace Hardware, Festival Foods, Chase Hardware, Burger King and more.

LOCATION DESCRIPTION.
Kenosha is a city in the U.S. state of Wisconsin and the seat of Kenosha County. Per the 2020 census, the population was 99,986 which made it the fourth-largest city in Wisconsin. Situated on the southwestern shore of Lake Michigan, Kenosha is a satellite city within the greater Chicago metropolitan area as defined by the U.S. Census Bureau. Kenosha is located about halfway between Chicago and Milwaukee, and Interstate 94 connects Kenosha to both metropolitan areas.

Kenosha was once a center of industrial activity; it was home to large automotive factories which fueled its economy during the 20th century. Like some other Rust Belt cities, Kenosha lost these factories in the 1980s, causing it to gradually transition into a services-based economy. In the 2010s, the city and surrounding county have benefited from an expanding economy and increased job growth. It is home to the headquarters of the Fortune 1000 tool manufacturer Snap-on Inc., as well as the clothing company Jockey International. Kenosha is home to multiple educational institutions including the University of Wisconsin–Parkside, Carthage College, and Gateway Technical College. Residents of the city are called Kenoshans.


In conjunction with
SCOTT REID
ParaSell, Inc.
949.942.6585
scott@parasellinc.com
WI LIC #58772-90

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