3805 80Th StKenosha, WI 53142

Property Details for 3805 80Th St

Property size (Sq ft)

19,374 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

This exceptional investment opportunity presents a net-leased Walgreens located at 3805 80th St, Kenosha, WI 53142. The 19,374 square foot property boasts a strong financial performance, with a current NOI of $311,000 and a 6.00% cap rate. The asking price is $5,183,333, translating to $267.54 per square foot. The lease, corporately guaranteed by Walgreens (NASDAQ:WBA), has a remaining term of 5.8 years, expiring September 19, 2030. The tenant has demonstrated commitment to the location by exercising a lease option. The property enjoys a highly visible hard corner location within the Greenwood Shopping Center, surrounded by strong co-tenants including KFC, Dollar Tree, Ace Hardware, Festival Foods, Chase Hardware, and Burger King. Reported sales exceed $5,592,102. The seller is offering attractive financing options, including 50% LTV financing. This presents a compelling opportunity for investors seeking a stable, high-performing retail asset in a growing Wisconsin market. The property benefits from its location in Kenosha, a city experiencing economic expansion and increased job growth, situated conveniently between Chicago and Milwaukee with easy access to Interstate 94. Kenosha is home to several educational institutions and major employers, including Snap-on Inc. and Jockey International, contributing to a robust local economy.

Location Insight

City

Kenosha

County

Kenosha

State

Wisconsin

Latitude

42.558

Longitude

-87.8542

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

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.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].