4518 E. Washington Ave.

Investment Overview

PROPERTY HIGHLIGHTS Lee & Associates is pleased to present the exclusive opportunity to acquire the fee simple interest in a newly constructed, 3,486 square foot single-tenant retail property leased to LensCrafters at 4518 E. Washington Avenue in Madison, Wisconsin. Completed in 2024, the property is situated on approximately 0.70 acres in the city's dominant east side retail corridor. The asset is secured by a corporate guaranty from Luxottica of America, Inc., a wholly owned subsidiary of EssilorLuxottica S.A. (S&P: A), one of the world's largest optical companies with approximately $28 billion in annual revenue and more than 5,900 North American retail locations. The property is leased on a double-net (NN) lease with approximately eight years of remaining primary term, 10% rent increases every five years, and two 5-year renewal options.