Walgreens – Franklin, WI

Walgreens
9527 S 27th St, Franklin, WI 53132, USA

We are pleased to exclusively offer for sale the 15,120 SF Walgreens NN Asset located at 9527 South 27th Street in Franklin, WI. This investment features a long-term tenant commitment, with Walgreens maintaining occupancy at this location since 2000, highlighting tenant stability and strong market familiarity. The property sits on a 2.1-acre site, offering significant potential for future redevelopment or repositioning, providing long-term flexibility for investors.

  • Fortune 500 Tenant with Proven Stability: This investment features a national tenant backed by Walgreens Boots Alliance (NASDAQ: WBA), a Fortune 500 company operating over 8,500 locations nationwide.
  • Premier Signalized Hard-Corner Location: The property is prominently positioned on a signalized hard corner with strong frontage at W Ryan Rd (≈ 555.6 ft) and South 27th St (≈ 704.6 ft), and excellent visibility from major traffic routes.
  • Strategic Rightsizing Driving Performance: Walgreens has closed a number of stores as part of a strategic rightsizing initiative. As a result, the average visits per location have increased, signaling stronger performance and enhanced traffic at remaining sites.
  • Long-Term Tenant Commitment to the Location: Walgreens has maintained long-term occupancy at this location since 2000, underscoring tenant stability and familiarity in the market.
  • Substantial Site Offering Redevelopment Potential: The 15,120 SF building sits on a 2.1 acre site, offering long-term flexibility for potential redevelopment or repositioning.
  • Attractive Returns with Low Equity Requirement: Potential cash-on-cash returns exceeding 10%, driven by in-place income and an available financing structure that may allow enhanced leverage through assumption of existing debt, followed by a subsequent refinance. Preliminary indications suggest equity requirements could be as low as ±15%.

 

In Cooperation With ParaSell, Inc. , A Licensed Wisconsin Broker – Lic. #938545-91 BoR: Scott Reid – Lic. WI #58772-90

Walgreens
9527 S 27th St, Franklin, WI 53132, USA

WALGREENS

Walgreens Boots Alliance (NASDAQ: WBA) is a global leader in retail and wholesale pharmacy, touching millions of lives every day through dispensing and distributing medicines, its convenient retail locations, digital platforms, and health and beauty products. The company has more than 100 years of trusted health care heritage and innovation in community pharmacy and pharmaceutical wholesaling. WBA’s purpose is to help people across the world lead healthier and happier lives. The company is proud of its contributions to healthy communities, a healthy planet, an inclusive workplace, and a sustainable marketplace. The company’s businesses have been recognized for their Corporate Social Responsibility. Walgreens was named to FORTUNE* magazine’s 2019 Companies that Change the World list, and Boots UK was recognized as Responsible Business of the Year 2019-2020 by Business in the Community.WBA is included in FORTUNE’s 2019 list of the World’s Most Admired Companies, ranked first in the food and drugstore category. This is the 26th consecutive year that WBA or its predecessor company, Walgreens Co., has been named to the list. Operating over 8,500 retail locations across America, Puerto Rico, and the U.S. Virgin Islands, Walgreens is proud to be a neighborhood health destination serving nearly 10 million customers each day.

Price

$3,737,250

Cap Rate

8.00%

PREMISES

15,120 SF

RENEWAL OPTIONS

5 x 5 Year Options, 1 x 10 Year Option*

Lease Expiration

11/30/2030

Lease Type

NN

RENTAL INCREASES

None

BROKERS

Jacob Strahler
Fort Lauderdale
Kelly Parrish
Fort Lauderdale

List with SIG

Tap into the expertise of brokers who specialize in your property type.

Get In Touch