Back to Search

Walgreens NNN Lease For Sale

1531 S Madison Rd, Beloit, WI 53511

View on Map

For Sale

Contact for pricing

Walgreens NNN lease extended through 2038 in Beloit, Wisconsin.

Type:Retail

Property size:

14,405 SF

Lot size:

1.91 Acres

Price / SF:

$197/SF

HighLights

Absolute NNN lease extended through 2038 offers a long‑term, low‑management investment.
Boasting ±12.4 years of primary lease term remaining.
Eleven, 5‑year options to renew for potential extended income.
Located in Beloit, Wisconsin, part of the Janesville‑Beloit, WI MSA (Population: 164,616).
Property is a 14,405‑square‑foot Walgreens.
Situated on a 1.91‑acre lot.

We can help!

Contact an agent

Brian Pfohl

For Sale

Contact for pricing

Walgreens NNN lease extended through 2038 in Beloit, Wisconsin.

Type:Retail

Property size:

14,405 SF

Lot size:

1.91 Acres

Price / SF:

$197/SF

Added:: Feb 25, 2026
Days on Market:: 122
Last Refresh:: Mar 17 at 1:16 pm

Property Features for 1531 S Madison Rd

General Information

Standard status: Active
Size: 14,405 SF
Lot size: 1.91 Acres
Property subtype: Retail

Building Details

Year Built: 2008

We can help!

Contact an agent

Brian Pfohl

Listing office CBRE - Atlanta

Listing date Feb 25, 2026

Source Crexi

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of CBRE - Atlanta

HighLights

Absolute NNN lease extended through 2038 offers a long‑term, low‑management investment.
Boasting ±12.4 years of primary lease term remaining.
Eleven, 5‑year options to renew for potential extended income.
Located in Beloit, Wisconsin, part of the Janesville‑Beloit, WI MSA (Population: 164,616).
Property is a 14,405‑square‑foot Walgreens.
Situated on a 1.91‑acre lot.

Overview

This offering features a 14,405-square-foot Walgreens situated on 1.91 acres in Beloit, Wisconsin, which is part of the Janesville-Beloit, WI MSA with a population of 164,616. The absolute NNN lease with Walgreens, originally set to expire in 2034, has been extended through 2038 and now has approximately 12.4 years of primary term remaining, along with eleven 5-year options to renew.

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$311.1k	$21.60
− Vacancy	−$8.1k	−$0.56
EGI	$303.1k	$21.04
− OpEx	−$75.8k	−$5.26
NOI	$227.3k	$15.78

14,405 SF · lease $21.60/SF/yr · vacancy 2.60% · expense 25.00%

Alternative Uses

Best Use

Specialty Retail

$3.25M

$2.84M – $3.79M (±1% cap)

NOI $227,294 @ 7.0% cap · market cap 7.99%

Second Best

Retail

$2.48M

$2.17M – $2.90M (±1% cap)

NOI $173,880 @ 7.0% cap · market cap 6.11%

Theoretical Best

Office A

$3.46M

$3.03M – $4.04M (±1% cap)

NOI $242,315 @ 7.0% cap · market cap 8.52%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Walgreens Photo (Bike/Boat/Book/etc) Store Walgreens Cosmetic Store Redbox Cinema Walgreens Pharmacy Pharmacy COVID-19 Drive-Thru Testing ... Pharmacy

Suggested Use

Similar Places Nearby

Walgreens Pharmacy — 1531 S Madison Rd, Beloit, WI 53511
COVID-19 Drive-Thru Testing at Walgreens — 1531 S Madison Rd, Beloit, WI 53511
Martin Densch — 1531 S Madison Rd, Beloit, WI 535113267
Andrew Wiegel — 1531 S Madison Rd, Beloit, WI 535113267

Location Insight

Map
Local Demand

City: Beloit
County: Rock
State: Wisconsin
Longitude: -89.0659164
Latitude: 42.5194498

Nearby Similar for Sale

$999,999

Six-Unit Apartment Building

Well-maintained income property with pond and gazebo, plus strong on-site parking and tenant storage options.

2290 S Afton Road, Beloit, WI 53511

View Details
$698,000

4,388 SF

Freestanding Commercial Building with Drive-Thru

4,388 SF building on 1.5 acres with drive-thru.

1795 S Madison Rd Beloit, WI 53511, Beloit, WI 53511

View Details
$375,000

Multi-Family Rental Portfolio

Five rented units across two parcels offer on-site parking via individual driveways and shared well service.

2160 S Wisconsin Avenue, Beloit, WI 53511

View Details
$559,900

Brand-New Duplex with Attached Garages

Two modern 3-bedroom, 2-bath units each with an attached two-car garage, built for long-term occupancy.

1822-1824 W Kyle Circle, Beloit, WI 53511

View Details
$559,900

Brand-New Duplex with Two-Car Garages

Brand-new duplex with two modern 3-bedroom, 2-bath units and attached two-car garages for low-maintenance occupancy.

1832-1834 W Kyle Circle, Beloit, WI 53511

View Details
$559,900

Brand-New Duplex with Attached Garages

Two modern 3-bedroom, 2-bath units built for low-maintenance renting with attached two-car garages.

1802-1804 W Kyle Circle, Beloit, WI 53511

View Details
$559,900

Brand-New Duplex with Two-Car Garages

New duplex with two 3-bedroom, 2-bath units and attached two-car garages, built for modern renter lifestyles.

1812-1814 W Kyle Circle, Beloit, WI 53511

View Details
$214,900

1,672 SF

Beloit Multifamily Investment Opportunity

Multifamily property in Beloit, Wisconsin with income potential.

743 8th Street, BELOIT, WI 53511

View Details
$765,000

15,000 SF

Multi-Unit Industrial Building For Sale

Eight-unit industrial building, fully rented, ideal for investors or owner-occupants.

2820-2834 S Bartells, Beloit, WI 53511

View Details
$430,000

6 SF

Income-Producing Beloit Retail Strip Center

Fully leased office and retail strip center in Beloit, Wisconsin.

1517 E Huebbe Pkwy Beloit, WI 53511, WI 53511

View Details
$214,900

1,672 SF

Beloit Duplex For Sale

Income-generating duplex in Beloit with recent updates.

743 8th Street, Beloit, WI 53511

View Details
$239,900

3,772 SF

Well-Maintained Building with Multiple Rooms

3,772 sq. ft. building featuring multiple rooms & offices.

417 Harrison Avenue, Beloit, WI 53511

View Details

For sale
Drug stores
WI
Beloit
53511
1531 S Madison Rd

What type of property is this?

Drug store - Walgreens NNN lease extended through 2038 in Beloit, Wisconsin.

Where is this drug store located?

The property is located at 1531 S Madison Rd Beloit, WI.

What is the asking price?

The asking price for this property is $2,845,600.

What are key features of this property?

This property features: Absolute NNN lease extended through 2038 offers a long‑term, low‑management investment.; Boasting ±12.4 years of primary lease term remaining.; Eleven, 5‑year options to renew for potential extended income.