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    N65W25055 Main St Sussex, WI 53089

    For Sale
    $4,410,000

    Sussex, WI: NNN Lease, High NOI

    Property size:
    14,560 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional investment opportunity presents a fee-simple interest in a 14,560 square foot Walgreens located in Sussex, Wisconsin. The property, built in 2005, sits on a 2.52-acre lot and features a drive-thru pharmacy and ample parking. A recent 12-year lease extension ensures a long-term, stable income stream, extending the lease to May 31, 2036. The current lease is a triple-net (NNN) agreement with a credit-rated tenant, minimizing landlord responsibilities. The property boasts a 7.00% cap rate and a strong net operating income (NOI) of $308,700. The Walgreens location benefits from excellent accessibility, situated on a signalized corner, and is an outparcel to a Kohl's store. The property's strong performance is further evidenced by reported 2023 sales exceeding $3.26 million. The lease includes 11 five-year renewal options, providing significant long-term value and security for the investor. This is a prime retail investment with a highly desirable tenant and a proven track record of success. The property's location within a strong demographic area contributes to its continued profitability and makes it an attractive addition to any portfolio. The asking price is $4,410,000, representing a price per square foot of $302.88. The property is 100% occupied since its opening on May 1, 2005.

    Property Features for N65W25055 Main St

    General Information

    Property type
    Individual retail properties
    Square Feet
    14,560 SF
    Lot Size
    109,771 SF

    Building Details

    Year Built
    2005
    Buildings
    1

    HighLights

    • Recent 12‑year lease extension through May 31, 2036.
    • Long‑term Walgreens tenancy with over $3.26 million in 2023 sales.
    • Signalized corner location with excellent accessibility; Kohl's outparcel.
    • Kohl's outparcel location in a strong demographic area.
    • 14,560 SF building on a 2.52‑acre lot with drive‑thru pharmacy and ample parking.
    Property Profile Location Intelligence

    Current Use by Public Records

    Drug stores

    Suggested Use

    Law Firm Restaurant Spa & Massage Hair Salon Dental Office Clothing Store Nail Salon Gym & Fitness Daycare Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Sussex
    County
    Waukesha
    State
    Wisconsin
    Longitude
    -88.2450023
    Latitude
    43.1369152

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    FAQs

    What type of property is this?
    Individual retail property - Sussex, WI: NNN Lease, High NOI
    Where is this individual retail property located?
    The property is located at N65W25055 Main St Sussex, WI.
    What is the asking price?
    The asking price for this property is $4,410,000.
    What are key features of this property?
    This property features: Recent 12-year lease extension through May 31, 2036.; Long-term Walgreens tenancy with over $3.26 million in 2023 sales.; Signalized corner location with excellent accessibility; Kohl's outparcel.
    Request Owner's contact information
    N65W25055 Main St Sussex, WI 53089
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    Sussex, WI 53089
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    N65W25055 Main St Sussex, WI 53089
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