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1100 E MAIN ST, Reedsburg, WI, 53959

Walgreens
$3,375,000

Key Information

Cap Rate
8%
$ per SF
$227
Year Built
2006
Term Remaining
±10 YRS
Type
Retail
NOI
$270,000
Leasable Area
14,820

Highlights

  • Absolute NNN Lease – The property is subject to an absolute triple-net lease, requiring no landlord responsibilities for maintenance, repairs, or capital expenses—ideal for passive, hands-off ownership.
  • Corporate Guarantee – Lease is secured by a corporate guarantee from the tenant’s parent company, enhancing credit strength and reducing risk of default.
  • Signalized Hard Corner with Strong Traffic Counts – Positioned on a prominentmsignalized intersection with visibility to approximately 25,000 vehicles per day, offering strong exposure and accessibility.
  • Below-Market Rent and Price Per Square Foot – Offered at a competitive rent and price point, presenting attractive entry-level pricing and potential long-term upside.
  • Strong Store-Level Sales Performance – Reports $3.4 million in annual gross sales, indicating solid tenant performance and supporting long-term viability.
  • Proximity to Lake Delton Tourism – Near Lake Delton, a well-trafficked vacation destination, driving additional foot traffic and seasonal demand.
  • Only National Pharmacy Chain in the City – Sole location operated by a national pharmacy within the city limits, providing exclusivity and limited direct competition.
  • Adjacent to Major Medical Facility – Located near a 125,000-square-foot medical center, creating strong synergy from nearby healthcare-related traffic.
  • Long-Term Lease Stability Secured Post-Acquisition – New 10-Year Lease Extension Executed Following Sycamore Partners Acquisition

Photos

Location

Agents

Broker of Record

Matthew M. Fitzgerald

License # 938105-91 (WI)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203