Walgreens Drug
For Sale
Contact for pricing
717 EIGHTH AVE, Monroe, WI 53566
Pharmacy and health-retail property leased to Walgreen Co. at a commercial-corridor corner.
Property Size14,490 SF
Lot Size1.53 Acres
Price / SF$291.24
Days on Market51
Property Features for 717 EIGHTH AVE
General Information
Standard status
Active
Size
14,490 SF
Lot size
1.53 Acres
Property subtype
Retail
Additional Details
Corner Location
Yes
Building Details
Year Built
2008
Buildings
1
Tenancy
Single
Listing Agency:
Northmarq Capital, LLC
Listed By:
Chad Byerly · License #OK 155856
(918) 794-9516
Source:
Crexi
Added: Sep 14
Changed: Nov 3
Last Checked: Nov 3 at 3:30AM
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 Northmarq Capital, LLC
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Investment Insights
Based on property information with market context.
The offering comprises a 14,490-square-foot Walgreens drug store on a 1.53-acre parcel at 717 Eighth Ave in Monroe, Wisconsin. Built in 2008, the property is leased to Walgreen Co., a pharmacy and health-retail operator. The sale includes a 100% fee simple interest.
The building occupies the northeast corner of Highway 69 and 8th Avenue, with reported traffic volumes of 11,500+ VPD and 11,800+ VPD, respectively. Its location is across from Piggly Wiggly and near national retailers including Dunkin', McDonald's, O'Reilly Auto Parts, Pick 'n Save, Culver's, Subway, Chrysler | Dodge | Jeep | Ram, and GMC.
The building occupies the northeast corner of Highway 69 and 8th Avenue, with reported traffic volumes of 11,500+ VPD and 11,800+ VPD, respectively. Its location is across from Piggly Wiggly and near national retailers including Dunkin', McDonald's, O'Reilly Auto Parts, Pick 'n Save, Culver's, Subway, Chrysler | Dodge | Jeep | Ram, and GMC.
Key Highlights
- 14,490‑square‑foot Walgreens drug store on a 1.53‑acre lot
- Leased to Walgreen Co.
- Constructed in 2008
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$235,390
Cap Rate
5.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,707,800
$4.7M
Cap Rate 7%
$3,362,714
$3.4M
Cap Rate 9%
$2,615,444
$2.6M
Market Conditions
NOI Build-Up for 14,490 SF
Gross rent
$330.4K $22.80/SF
− Vacancy
−$16.5K −$1.14/SF
EGI
$313.9K $21.66/SF
− OpEx
−$78.5K −$5.42/SF
NOI
$235.4K $16.25/SF
Area
Green County, WI
Vacancy
5.00%
Lease Rate
$22.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,707,800
Cap Rate 7%
$3,362,714
Cap Rate 9%
$2,615,444
Alternative Uses
Best Use
Specialty Retail
$3.36M
$2.94M – $3.92M
NOI $235,390 @ 7.0% cap · market cap 5.58%
Second Best
Retail
$2.96M
$2.59M – $3.45M
NOI $207,258 @ 7.0% cap · market cap 4.91%
Theoretical Best
Office A
$4.23M
$3.70M – $4.94M
NOI $296,292 @ 7.0% cap · market cap 7.02%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
563
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 53566, WI
14,970
Population
6,810
Households
2.2
Avg Household Size
44
Median Age
26%
College-Educated
93%
High-School Grad
152.9 sq mi
ZIP Area
98
Density / Sq Mi
$71,801
Median Household Income
$41,525
Median Earnings
$849
Median Rent
$203,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- Hemp1848 Monroe — 1015 16th Ave, Monroe, WI 53566
- Midwest Soapery & Artisan Market — 1504 11th St, Monroe, WI 53566, United States
- Schultz Hometown Pharmacy — 1008 17th Ave, Monroe, WI 53566
- Michael Kuckes, RPH — 405 W 8th St, Monroe, WI 53566
- Abbigail Linde, RPH — 717 8th Ave, Monroe, WI 53566
Frequently Asked Questions
What type of property is this?
Drug store - Pharmacy and health-retail property leased to Walgreen Co. at a commercial-corridor corner.
Where is this drug store located?
The property is located at 717 EIGHTH AVE Monroe, WI.
What is the asking price?
The asking price for this property is $4,220,000.
What are key features of this property?
This property features: 14,490‑square‑foot Walgreens drug store on a 1.53‑acre lot; Leased to Walgreen Co.; Constructed in 2008
