Freestanding Walgreens Asset in Sussex,
N65W25055 Main St Sussex, WI 53089
For Sale
Contact for pricing
Pending
Freestanding 14,560 SF Walgreens on 2.52 acres with drive-thru.
Property Size14,560 SF
Lot Size2.52 Acres
Days on Market780
Property Features for N65W25055 Main St
General Information
Standard status
Pending
Size
14,560 SF
Lot size
2.52 Acres
Property subtype
Retail
Building Details
Year Built
2005
Listing Agency:
Northmarq Capital, LLC
Listed By:
BJ Feller · License #IL 471007951
Source:
Crexi
Added: Jun 10, 2024
Changed: Jul 10
Last Checked: Jul 26 at 10:47AM
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
Investment Insights
Based on property information with market context.
The property offered for sale is a freestanding building of approximately 14,560 square feet, situated on a 2.52-acre parcel. It features ample parking and a drive-thru. The property is currently occupied by Walgreens, who recently extended their lease for 12 years. The lease features minimal landlord responsibilities.
Key Highlights
- Walgreens recently extended their lease for 12 years, demonstrating commitment to the location.
- Fee‑simple interest in a Walgreens asset.
- +/- 14,560 square foot freestanding building.
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $436.8k | $30.00 |
| − Vacancy | −$15.7k | −$1.08 |
| EGI | $421.1k | $28.92 |
| − OpEx | −$105.3k | −$7.23 |
| NOI | $315.8k | $21.69 |
14,560 SF · lease $30.00/SF/yr · vacancy 3.60% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$4.51M
$3.95M – $5.26M
NOI $315,806 @ 7.0% cap · market cap 8.18%
Second Best
Retail
$2.95M
$2.58M – $3.44M
NOI $206,327 @ 7.0% cap · market cap 5.35%
Theoretical Best
Flex RnD
$7.43M
$6.50M – $8.67M
NOI $520,170 @ 7.0% cap · market cap 13.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- QuadMed Sussex Health Center — W227N6103 Sussex Rd, Sussex, WI 53089
Frequently Asked Questions
What type of property is this?
Drug store - Freestanding 14,560 SF Walgreens on 2.52 acres with drive-thru.
Where is this drug store located?
The property is located at N65W25055 Main St Sussex, WI.
What is the asking price?
The asking price for this property is $3,859,000.
What are key features of this property?
This property features: Walgreens recently extended their lease for 12 years, demonstrating commitment to the location.; Fee‑simple interest in a Walgreens asset.; +/- 14,560 square foot freestanding building.
