6210 Century Ave, Middleton, WI 53562-2218

Property Details for 6210 Century Ave

Lot size

1.53 lot acres

Property type

Commercial real estate

APN

0708-014-9232-2

APU

70801492322

Description

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.

Location Insight

City

Middleton

County

Dane

State

Wisconsin

Longitude

-89.4876

Latitude

43.1048

CBSA code

31540

CBSA name

MADISON, WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments