2931 Fish Hatchery Rd Fitchburg, WI 53711-6499

This exceptional investment opportunity presents a fee-simple interest in a thriving Walgreens located at 2931 S Fish Hatchery Rd, Fitchburg, WI 53711. The property encompasses a 13,905 square foot freestanding building situated on a 1.725-acre lot. The Walgreens tenant operates under a triple-net (NNN) lease, minimizing landlord responsibilities and providing a passive income stream. The current lease boasts a remaining term of 14.7 years, with seven 5-year renewal options, extending the lease to July 31, 2039. The lease commenced April 1, 2004, and the property has maintained 100% occupancy since that date. The asking price is $3,675,000, representing a price per square foot of $264.29 and a 7.00% cap rate. The property generates a net operating income (NOI) of $257,242. This prime location benefits from excellent accessibility, a signalized corner location, and proximity to the University of Wisconsin-Madison, within a dense and affluent demographic area near a strong retail corridor. The property also features a drive-thru pharmacy. The Dane County property (APN: 0609-091-8002-3) offers a secure, long-term investment with a proven track record of success. This is a rare opportunity to acquire a high-performing Walgreens in a desirable location.