1717 Milton AveJanesville, WI 53545

This exceptional investment opportunity presents a fee-simple interest in a Walgreens located at 1717 Milton Ave, Janesville, WI 53545. The property boasts a 13,905 square foot freestanding building situated on a substantial 1.44-acre lot, complete with ample parking and a convenient drive-thru. Built in 1998, this single-tenant property benefits from a strong 100% occupancy rate under a Net Lease (NNN) agreement with Walgreens, a nationally recognized brand. The current lease, commenced June 1st, 1998, has a remaining term of approximately 14.5 years, with seven 5-year renewal options. The lease was recently extended, signifying Walgreens' commitment to this successful location. The property generates a substantial Net Operating Income (NOI) of $277,405, resulting in an attractive 7.00% capitalization rate. The asking price is $3,965,000, translating to a price per square foot of $285.15. This investment offers a highly passive income stream with minimal landlord responsibilities, making it an ideal addition to any portfolio. The property's prime location on a signalized corner ensures excellent visibility and accessibility within a dense retail trade area characterized by strong demographics. This Walgreens location consistently exceeds national sales averages.