320 Smt Ave, Wales, WI 53183-9436

This exceptional investment opportunity presents a fee-simple Walgreens located at 320 W Summit Ave, Wales, WI 53183. Built in 2010, this 14,490 square foot retail property sits on a 2.01-acre lot and boasts 98 parking spaces. The property benefits from a highly desirable B-2 zoning designation and enjoys excellent visibility due to its prime location. Currently leased to Walgreens under a NNN lease, the property offers a strong, stable income stream with a current NOI of $387,568 and a compelling 7.75% cap rate. The lease commenced January 10, 2010, and extends until January 29, 2035, with ten 5-year renewal options. The property's strong tenant, Walgreens, a market leader in the US with over 8,175 retail stores, minimizes risk. This investment is further enhanced by the high traffic counts on nearby Wi-18 (11,300) and Wi-83 (17,500). The property's size and location align perfectly with Walgreens' prototype store design, ensuring long-term stability and potential for appreciation. This is a rare opportunity to acquire a high-performing, low-risk net-leased property with significant upside potential. The asking price is $5,000,877.