For Sale
$2,702,425

2222 Webster Ave Allouez, WI 54301

High-yield CVS Pharmacy, NNN lease, strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional investment opportunity presents a fee-simple owned, single-tenant CVS Pharmacy located at 2222 South Webster Ave, Allouez, WI 54301. The property boasts a 15,113 square foot building situated on a 1.48-acre parcel with approximately 155 parking spaces. The property benefits from a highly visible hard-corner location at the intersection of South Webster Avenue and West Allouez Avenue, offering excellent signage opportunities. The current lease is a triple-net (NNN) lease with an investment-grade tenant (S&P: BBB), providing a full corporate guaranty from CVS. With over 7 years remaining on the primary lease term and ten 5-year renewal options, this investment offers significant long-term stability. The property's strong financial performance is reflected in its 8.00% cap rate and a Net Operating Income (NOI) of $216,194. The asking price is $2,702,425. The location is strategically positioned within the Green Bay MSA, a market with a population of approximately 330,000 and approximately 129,000 daytime employees within a 5-mile radius. Furthermore, the property is approximately 0.8 miles from Wisconsin Highway 172 (approximately 83,000 vehicles per day) and approximately 0.7 miles from a major incoming retail and housing center development, ensuring continued growth and high traffic volume. This is a rare opportunity to acquire a high-performing, low-maintenance investment property with a strong, credit-rated tenant and significant long-term potential.

Highlights

  • Investment-grade CVS Pharmacy tenant (S&P: BBB).
  • Full corporate guaranty from CVS.
  • NNN lease; fee simple ownership; no landlord responsibilities.
  • Over 7 years remaining on primary lease term with ten 5-year renewal options.
  • 1.48-acre parcel with approximately 155 parking spaces.

Property Details for 2222 Webster Ave

Property type
Retail properties, Drug stores
Buildings
1
Stories
1

Location Insight

City
Allouez
County
Brown
State
Wisconsin
Latitude
44.4810009
Longitude
-88.0250499

FAQs

What type of property is this?
Retail property - High-yield CVS Pharmacy, NNN lease, strong tenant.
Where is the retail property located?
The property is located at 2222 Webster Ave Allouez, WI.
What is the asking price?
The asking price for this property is $2,702,425.
What are key features of this property?
This property features: Investment-grade CVS Pharmacy tenant (S&P: BBB).; Full corporate guaranty from CVS.; NNN lease; fee simple ownership; no landlord responsibilities.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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2222 Webster Ave
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