Building Details

Year Built 2011

Buildings 1

Tenancy Single

Listing Agency: Northmarq - Chicago

Listed By: Christian Tremblay · License #475165868 Show Phone

Source: Crexi

Added: Apr 7 Changed: Oct 2 Last Checked: Oct 16 at 9:24AM

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Investment Insights

Based on property information with market context.

Built in 2011, the 13,650-square-foot property is occupied by Walgreens as its sole tenant. The building is operated under a long-term absolute NNN lease, with the lease structure placing landlord responsibilities with the tenant.

The property is located at 201 S Main St in Clintonville, Wisconsin. Its single-tenant configuration and established retail occupancy provide a straightforward ownership profile for an investor seeking a leased commercial asset.

Key Highlights

• Walgreens is the sole tenant
• 13,650‑square‑foot building
• Built in 2011

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$99,314

Cap Rate

3.27%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,986,280 $2.0M

Cap Rate 7%

$1,418,771 $1.4M

Cap Rate 9%

$1,103,489 $1.1M

Is this asking price fair?

Market Conditions

NOI Build-Up for 13,650 SF

Gross rent

$136.0K $9.96/SF

− Vacancy

−$3.5K −$0.26/SF

EGI

$132.4K $9.70/SF

− OpEx

−$33.1K −$2.43/SF

NOI

$99.3K $7.28/SF

Area

Waupaca County, WI

Vacancy

2.60%

Lease Rate

$9.96 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,986,280

Cap Rate 7%

$1,418,771

Cap Rate 9%

$1,103,489

Alternative Uses

Best Use

Specialty Retail

$1.42M

$1.24M – $1.66M (±1% cap)

NOI $99,314 @ 7.0% cap · market cap 3.27%

Second Best

Retail

$1.32M

$1.16M – $1.54M (±1% cap)

NOI $92,693 @ 7.0% cap · market cap 3.06%

Theoretical Best

Office A

$2.56M

$2.24M – $2.98M (±1% cap)

NOI $178,976 @ 7.0% cap · market cap 5.90%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Walgreens Photo (Bike/Boat/Book/etc) Store Walgreens Pharmacy Pharmacy Walgreens Pharmacy Bitcoin Depot | BDCheckout Atm FedEx OnSite Postal Service

Suggested Use

Top Pick Real Estate Agency Dental Office Hair Salon Electrical Service Kitchen & Bath Showroom Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

338

Businesses Nearby

79k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 58% Dining 42%

Kwik Trip Shops & Services

33,177 visits/mo 0.1 miles

Culver's Dining

12,218 visits/mo 0.2 miles

McDonald's Dining

12,081 visits/mo 0.4 miles

A&W Restaurant Dining

6,748 visits/mo 0.3 miles

Dollar General Shops & Services

6,119 visits/mo 0.5 miles

Demographics for 54929, WI

8,724

Population

4,633

Households

1.9

Avg Household Size

46

Median Age

17%

College-Educated

90%

High-School Grad

122.3 sq mi

ZIP Area

71

Density / Sq Mi

$60,973

Median Household Income

$41,806

Median Earnings

$875

Median Rent

$157,900

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Frequently Asked Questions

What type of property is this?

NNN property - Walgreens operates the 13,650-square-foot building under a long-term absolute NNN lease.

Where is this nnn property located?

The property is located at 201 S Main St Clintonville, WI.

What is the asking price?

The asking price for this property is $3,033,333.

What are key features of this property?

This property features: Walgreens is the sole tenant; 13,650‑square‑foot building; Built in 2011