N65W25055 Main St, Sussex, WI 53089
Freestanding 14,560 SF Walgreens on 2.52 acres with drive-thru.
- Added:
- Jun 10, 2024
- Days on Market:
- 735
- Last Refresh:
- May 12 at 9:15 pm
Property Features for N65W25055 Main St
General Information
- Standard status
- Active
- Size
- 14,560 SF
- Lot size
- 2.52 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 2005
Listing agent BJ Feller License #IL 471007951
Listing office Northmarq Capital, LLC
Listing date Jun 10, 2024
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 Northmarq Capital, LLC
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.
- Large 2.52 acre parcel of land.
- Ample parking and drive‑thru.
- Minimal landlord responsibilities.
Overview
Local 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 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- QuadMed Sussex Health Center — W227N6103 Sussex Rd, Sussex, WI 53089
- Sussex Chiropractic, SC — N63W23524 Silver Spring Dr #4, Sussex, WI 53089
Location Insight
- Map
- Local Demand
- City
- Sussex
- County
- Waukesha
- State
- Wisconsin
- Longitude
- -88.1965434
- Latitude
- 43.1331892
