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Property profile & analytics

212 Rochester St Mukwonago, WI 53149

  • Commercial real estate
  • 0.22 lot acres
OFF-MARKET
Last Sale
Jul 15, 2024
$305,000
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US92-0344850
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Walgreens Photo / Passport Photo Processor / Photo Lab
  • FedEx OnSite / Mailing Service
  • Walgreens / Perfume Store / Stationery Store
  • Bitcoin Depot | BDCheckout / Atm
  • Walgreens Pharmacy / Pharmacy

Property Details for 212 Rochester St

Lot size
0.22 lot acres
Zone code
B
Property type
Commercial real estate
APN
MUKV1976122
APU
MUKV1976122

Description

This exceptional investment opportunity presents a 14,369-square-foot Walgreens located at 212 N Rochester St, Mukwonago, WI 53149. The property boasts a strong 7.00% cap rate and a substantial net operating income (NOI) of $415,000. Secured by a corporate guarantee, the absolute NNN lease features a remaining term of approximately 14.8 years, extending to August 31, 2039, with ten 5-year renewal options. The property sits on a 1.84-acre lot and benefits from a prime location in a thriving area, near major retailers like Walmart, Aldi, Home Depot, and Tractor Supply Co., and in close proximity to ProHealth Waukesha Memorial Hospital. The tenant, Walgreens, has demonstrated a long-term commitment to the site with a recent lease extension. This investment offers passive ownership with zero landlord responsibilities, making it an attractive option for investors seeking a stable, high-yield return. The average household income within a 3-mile radius is approximately $110,000, indicating a strong and affluent demographic. The asking price for this exceptional retail property is $5,928,571. This is a rare opportunity to acquire a well-established, high-performing Walgreens location with significant long-term potential. The property's strong tenant, prime location, and favorable lease terms make it an ideal addition to any investment portfolio.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

  • CAP approach

  • Comparable approach

  • Alternative Use

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Mukwonago
County
Waukesha
State
Wisconsin
Longitude
-88.3315
Latitude
42.8623
CBSA code
33340
CBSA name
MILWAUKEE-WAUKESHA-WEST ALLIS, WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$3,119
$60,500
$117,000
$177,500
-
$0.00
$0.00
$251,400
More about this property
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