Listing Agency: Launch Development Group Show Phone

Listed By: Joe Compagno · License #SA554895000

Source: Crexi

Added: Apr 12 Changed: Aug 29 Last Checked: Aug 29 at 3:16PM

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Investment Insights

Based on property information with market context.

This single-tenant Walgreens property in Cedarburg, Wisconsin, is subject to an Absolute NNN lease with over 10 years remaining. The asset is positioned along Washington Ave on the primary route toward Milwaukee, providing a defined regional connection for the retail location.

The property is near Concordia University and Cedarburg High School, with exposure to more than 8,000 students. The lease carries a 7.24% cap rate, while the tenant is identified as Walgreens, a Fortune 500 company and national retail health operator.

Key Highlights

• Walgreens occupies the property under an Absolute NNN lease
• Over 10 years remain on the current lease term
• 7.24% cap rate

Property Analytics

Current Use

Walgreens Photo (Bike/Boat/Book/etc) Store Walgreens Pharmacy Pharmacy Redbox Cinema Walgreens Pharmacy FedEx OnSite Postal Service

Suggested Use

Top Pick HVAC Service Electrical Service Real Estate Agency Bakery (Bike/Boat/Book/etc) Store Furniture & Home Goods

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

137

Businesses Nearby

39k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 95% Dining 5%

Kwik Trip Shops & Services

34,814 visits/mo 0.4 miles

5 Corners (Chrysler - Dodge - Jeep - Ram) Shops & Services

2,035 visits/mo 0.3 miles

SUBWAY Dining

1,851 visits/mo 0.4 miles

Demographics for 53012, WI

19,027

Population

8,073

Households

2.4

Avg Household Size

45

Median Age

53%

College-Educated

98%

High-School Grad

33.9 sq mi

ZIP Area

561

Density / Sq Mi

$98,094

Median Household Income

$53,434

Median Earnings

$1,059

Median Rent

$390,600

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

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

NNN property - Single-tenant retail asset with more than a decade remaining on its lease.

Where is this nnn property located?

The property is located at W62n190 Washington Ave Cedarburg, WI.

What are key features of this property?

This property features: Walgreens occupies the property under an Absolute NNN lease; Over 10 years remain on the current lease term; 7.24% cap rate