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3825 Durand Ave

Racine, WI 53405

$5,460,190

Drugstore For Sale  •  13,520 Sq Ft

Property Details

  • Property Type Drugstore
  • Total Building Size 13,520 Sq Ft
  • Lot Size 1.78 ac
  • Building Class B
  • Year Built 2003
  • Cap Rate 6.30 %
  • Tenancy Single
  • Zoning B2
33 Transit Score
65 Walk Score

Description

The 15,120 square foot Walgreens benefits from its hard corner location along Durand Ave (21,100 VPD) which is a primary east-west thoroughfare in Racine. Retailers in the immediate area include Target, Ross Dress for Less, Pick ‘n Save, Best Buy, Dick’s Sporting Goods, Home Depot, Walmart Supercenter and Menards. The property is also near Regency Mall. Regency Mall is an enclosed super-regional shopping mall featuring 110 retail spaces and is anchored by Burlington Coat Factory and Bob’s Discount Furniture. Regency Mall is the fifth-largest shopping center in the Milwaukee region and is currently undergoing a $7.5 million renovation. In 2018, Foxconn Technology Group, the world’s largest computer electronics manufacturer and a major supplier for Apple Inc., announced it would bring a $10 billion manufacturing complex in Racine County. Foxconn and government officials have said will be a 22-million-square-foot campus employing as many as 13,000 people. This will bring positive momentum and drive future traffic to the trade corridor.

Property Flyers

Cap Rate: 6.30 %

Major Tenants

Tenant SF Occupied Lease End Date
Walgreens 15,120 SF 10/31/2028

Amenities

  • Pylon Sign
  • Drive Thru

Public Transportation

Commuter RailDriveWalkDistance
Kenosha Station Commuter Rail (Union Pacific North Line) 18 min - 8.9 mi
AirportDriveWalkDistance
General Mitchell International Airport 34 min - 25.5 mi

Parking Details

Parking Available: No
Reserved: No
Type: Covered
Included in Rent: Yes
Randy Blankstein 847-562-0003 The Boulder Group
Randy Blankstein 847-562-0003 The Boulder Group