For Sale
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6210 Century AveMiddleton, WI 53562

Wisconsin Retail Investment - Strong NOI

Overview

Added:
Dec 11, 2024
Days on market:
116
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.

Highlights

  • Fee-simple owned CVS Pharmacy in Middleton, WI.
  • Absolute NNN lease with a highly creditworthy tenant, CVS, offering significant long-term stability (9.7 years remaining + 10 five-year options).
  • Strong annual NOI of $433,967.
  • Retail property (pharmacy/drug subtype) with low landlord responsibilities.
  • Attractive for 1031 exchange investors; debt assumption/refinancing options available.

Property Details for 6210 Century Ave

Property type
Retail properties, Drug stores

Location Insight

City
Middleton
County
Dane
State
Wisconsin
Latitude
43.1048953
Longitude
-89.4877391
6210 Century Ave, Middleton, Wisconsin

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6210 Century Ave
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