Listing Summary
Lee & Associates is pleased to present a rare Walgreens corporate-guaranteed, 100% leased, single-tenant investment opportunity located at 3805 80th Street in Kenosha, Wisconsin.
Full Description
Lee & Associates is pleased to present a premier single-tenant net lease (STNL) investment opportunity located at 3805 80th Street in Kenosha, Wisconsin. This Walgreens for sale features a corporate guarantee from a global leader in retail pharmacy (NASDAQ: WBA) and offers a recession-resilient asset for passive investors.
Investment Highlights
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Long-Term Lease with Corporate Guarantee: Walgreens recently demonstrated its commitment to this site by executing an early lease extension in October 2024, leaving over 13 years of firm term remaining.
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Dominant Historical Performance: A proven "essential retail" location, Walgreens has operated successfully at this site for 30+ years (since 1995).
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Exceptional Unit-Level Sales: The property reported 2024 sales exceeding $5.3 million, boasting an incredibly healthy 5.8% rent-to-sales ratio, signaling long-term tenant durability and low vacancy risk.
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Stable Cash Flow: A 100% leased, corporate-backed investment ideal for 1031 exchange buyers seeking secure, long-term yields.
Strategic Retail Location
Situated as a highly visible end-cap at a signalized hard corner, the property benefits from:
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High Traffic Counts: Exposure to over 19,000 vehicles per day (VPD).
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Grocery-Anchored Synergy: Located within the Greenwood Shopping Center, ensuring consistent daily-needs foot traffic.
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National Tenant Outparcels: Surrounded by high-credit neighbors including Chase Bank, Dollar Tree, Subway, and Burger King.
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Prime Connectivity: Seamless access to I-94 and Highway 50, positioned perfectly within the high-growth corridor between Chicago and Milwaukee.
Market Overview: Kenosha, Wisconsin
Kenosha is one of the most business-friendly markets in the Midwest. With a rapidly expanding job market and lower operating costs than nearby Tier-1 cities, this Kenosha commercial real estate asset represents a high-demand opportunity in a supply-constrained essential retail sector.
Quick Glance
- Listing ID:
CL-Wisconsin-25788
- Status:
Active
- Year Build:
1995
- Building Size:
19,374 SqFt
- Lot Size:
N/A