6210 Century Ave Middleton, WI 53562-2218
This exceptional investment opportunity presents a fee-simple owned CVS Pharmacy located at 6210 Century Ave, Middleton, WI 53562. The property is a single-tenant, absolute NNN lease with a highly creditworthy tenant, CVS Pharmacy. The current lease boasts a remaining term of approximately 9.7 years, extending to July 31, 2034, with ten 5-year renewal options providing significant long-term stability. The property generates a substantial net operating income (NOI) of $433,967 annually. The lease commenced on June 1, 2009, and is structured as an absolute triple-net (NNN) lease, meaning the tenant is responsible for all property expenses including taxes, insurance, and maintenance. This significantly reduces the landlord's operational responsibilities and risk. The property is categorized as retail, specifically within the pharmacy/drug subtype. This offering is particularly attractive for 1031 exchange investors seeking a secure, high-yield investment with a proven track record. Debt assumption or paydown/readvance options are available, offering further flexibility for potential buyers. The property's location in Middleton, Dane County, Wisconsin, benefits from strong demographics and convenient access. This is a rare opportunity to acquire a well-performing, passively managed retail investment with a blue-chip tenant and substantial remaining lease term.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.