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Property profile & analytics

W62n190 Washington Ave Cedarburg, WI 53012

  • Retail properties
  • 14,550 SF
  • 1.57 lot acres
OFF-MARKET
Value Estimation
Location Intelligence

Current Use by Public Records

  • Walgreens Photo / Passport Photo Processor / Photo Lab
  • Walgreens Pharmacy / Pharmacy
  • Redbox / Movie Rental Store / Movie Rental Kiosk
  • Walgreens / Convenience Store / Cosmetics Store
  • FedEx OnSite / Mailing Service

Property Details for W62n190 Washington Ave

Year built
2010
Lot size
1.57 lot acres
Property size
14,550 SF
Property type
Retail properties
Property subtype
Grocery and convenience stores

Description

This exceptional investment opportunity presents a 14,550 square foot Walgreens, situated on a 1.57-acre lot at W62N190 Washington Ave, Cedarburg, WI 53012. Built in 2010, this single-story building boasts a 100% occupancy rate under an absolute triple-net (NNN) lease with approximately 10.3 years remaining until the lease expires on February 28, 2035. The lease commenced February 13, 2010, and features a strong, credit-rated tenant, Walgreens. The property generates a substantial net operating income (NOI) of $407,000 annually, resulting in a compelling 7.24% cap rate at an asking price of $5,625,000. This prime retail location benefits from high visibility on Washington Avenue, a major thoroughfare in Cedarburg. The area demonstrates strong demographics, with an average household income exceeding $137,527 within a 5-mile radius. Proximity to Concordia University Wisconsin, Cedarburg High School, and other national retailers further enhances the property's value and potential for long-term growth. This is a rare opportunity to acquire a secure, high-performing asset with a proven track record in a desirable location. The property's strong tenant, favorable lease terms, and robust financial performance make it an attractive investment for discerning buyers. The property is not subject to a ground lease.

Value Estimation

Powered by Realmo proprietary methodology Last update: July 3, 2025
  • CAP approach

  • Comparable approach

  • Alternative Use

Location Insight

  • Map
  • Local Demand
City
Cedarburg
County
Ozaukee
State
Wisconsin
Longitude
-87.9868
Latitude
43.283
More about this property
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