3805 80Th St Kenosha, WI 53142
- Retail properties
- 19,374 SF
Current Use by Public Records
- Walgreens Photo / Passport Photo Processor / Photo Lab
- John L. Schwartz, RPH / Pharmacy
- Kaitlin Zarletti, PharmD / Pharmacy
- David K. Dicks, BS / Pharmacy
- Dino M. Gallo, RPh / Pharmacy
Property Details for 3805 80Th St
- Property size
- 19,374 SF
- Property type
- Retail properties
- Property subtype
- Drug stores
Description
This exceptional investment opportunity presents a net-leased Walgreens located at 3805 80th St, Kenosha, WI 53142. The 19,374 square foot property boasts a strong financial performance, with a current NOI of $311,000 and a 6.00% cap rate. The asking price is $5,183,333, translating to $267.54 per square foot. The lease, corporately guaranteed by Walgreens (NASDAQ:WBA), has a remaining term of 5.8 years, expiring September 19, 2030. The tenant has demonstrated commitment to the location by exercising a lease option. The property enjoys a highly visible hard corner location within the Greenwood Shopping Center, surrounded by strong co-tenants including KFC, Dollar Tree, Ace Hardware, Festival Foods, Chase Hardware, and Burger King. Reported sales exceed $5,592,102. The seller is offering attractive financing options, including 50% LTV financing. This presents a compelling opportunity for investors seeking a stable, high-performing retail asset in a growing Wisconsin market. The property benefits from its location in Kenosha, a city experiencing economic expansion and increased job growth, situated conveniently between Chicago and Milwaukee with easy access to Interstate 94. Kenosha is home to several educational institutions and major employers, including Snap-on Inc. and Jockey International, contributing to a robust local economy.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Kenosha
- County
- Kenosha
- State
- Wisconsin
- Longitude
- -87.8542
- Latitude
- 42.558
