2222 Webster Ave Green Bay, WI 54301-2100

Property Details for 2222 Webster Ave

Lot size

1.48 lot acres

Property type

Commercial real estate

APN

AL 74

APU

AL74

Description

This exceptional investment opportunity presents a fee-simple owned, single-tenant CVS Pharmacy located at 2222 South Webster Ave, Allouez, WI 54301. The property boasts a 15,113 square foot building situated on a 1.48-acre parcel with approximately 155 parking spaces. The property benefits from a highly visible hard-corner location at the intersection of South Webster Avenue and West Allouez Avenue, offering excellent signage opportunities. The current lease is a triple-net (NNN) lease with an investment-grade tenant (S&P: BBB), providing a full corporate guaranty from CVS. With over 7 years remaining on the primary lease term and ten 5-year renewal options, this investment offers significant long-term stability. The property's strong financial performance is reflected in its 8.00% cap rate and a Net Operating Income (NOI) of $216,194. The asking price is $2,702,425. The location is strategically positioned within the Green Bay MSA, a market with a population of approximately 330,000 and approximately 129,000 daytime employees within a 5-mile radius. Furthermore, the property is approximately 0.8 miles from Wisconsin Highway 172 (approximately 83,000 vehicles per day) and approximately 0.7 miles from a major incoming retail and housing center development, ensuring continued growth and high traffic volume. This is a rare opportunity to acquire a high-performing, low-maintenance investment property with a strong, credit-rated tenant and significant long-term potential.