300 State Hwy 13 Wisconsin Dells, WI 53965-7902

Property Details for 300 State Hwy 13

Lot size

1.80 lot acres

Property type

Commercial real estate

APN

291 0213-00000

APU

291021300000

Description

This exceptional investment opportunity presents a fee-simple interest in a thriving Walgreens located at 300 State Hwy 13, Wisconsin Dells, WI 53965. The property boasts a 15,120 square foot freestanding building situated on a 1.797-acre lot (APN: 291-0213-00000). This high-performing Walgreens operates under an absolute NNN lease, eliminating all landlord responsibilities. The current lease, commencing September 1, 2007, has a remaining term of 14.7 years, extending to July 31, 2039, with ten 5-year renewal options. The property enjoys a prime location in a retail corridor near Mt. Olympus Resort and Interstate 90, benefiting from excellent accessibility and visibility. The store features a drive-thru pharmacy and ample parking. With an asking price of $4,803,150, a price per square foot of $317.67, and a 6.35% cap rate, this property offers a compelling return on investment. The property generates a net operating income (NOI) of $305,000 annually. Wisconsin Dells attracts over 5 million tourists annually, ensuring consistent high traffic and strong sales for the tenant. The recent 15-year lease extension underscores Walgreens' long-term commitment to this successful location. This is a truly passive investment asset with significant long-term cash flow potential. The property's strong performance history, coupled with its strategic location and favorable lease terms, makes it an ideal addition to any diversified investment portfolio.