Exceptional Investment Opportunity: Premier LensCrafters Net-Leased Retail Facility in Madison, WI

Lee & Associates is pleased to present the exclusive opportunity to acquire the fee simple interest in a state-of-the-art, single-tenant commercial property leased to LensCrafters, located at 4518 E. Washington Avenue, Madison, WI 53704. Completed in 2024, this newly constructed 3,486-square-foot retail asset sits on an expansive 0.70-acre lot in the heart of Madison's premier east side retail corridor. Backed by a strong corporate guarantee from global optical leader EssilorLuxottica (S&P: A Rated), this property offers investors long-term income stability, scheduled rent escalations, and unmatched commercial real estate fundamentals.

Executive Investment Highlights

• Investment-Grade Corporate Guarantee: Fully guaranteed by Luxottica of America, Inc., a wholly owned subsidiary of EssilorLuxottica S.A. (S&P: A Rated)—a global powerhouse generating approximately $28 billion in annual revenue and operating over 5,900 retail locations across North America.

• Industry-Leading Anchor Tenant: Operates as LensCrafters, one of North America's foremost optical retail platforms, boasting more than 1,100 locations and leveraging EssilorLuxottica’s fully vertically integrated supply chain and design network.

• Significant Tenant Capital Commitment: Features a extensive, custom medical interior build-out specifically designed to accommodate LensCrafters' high-tech optometric and retail operations, creating exceptionally high tenant sticky factor and relocation barriers.

• Inflation-Protected Double-Net (NN) Lease: Structured with approximately 8 years of primary lease term remaining, featuring guaranteed 10% rental increases every 5 years to provide continuous growth in net cash flow, plus two (2) 5-year renewal options.

• Shadow-Anchored by Wisconsin's Top Regional Mall: Adjacent to East Towne Mall, the highest-rated super regional mall in Wisconsin, featuring over 80 national retailers and attracting roughly 4.8 million annual visitors.

• High-Volume Commercial Thoroughfare Exposure: Commandingly situated along East Washington Avenue (US-151), exposing the site to over 25,000 vehicles per day (VPD), with immediate proximity to Interstates 90/94 (I-90/94), which carry over 77,500 VPD.

• Strong Affluent Demographics & Dense Economic Hub: Situated in a dense infill trade area boasting over 128,000 residents, 68,000 daytime employees, and an average household income exceeding $115,000 within a 5-mile radius.

• Resilient State Capital & Academic Market: Madison’s robust local economy is continuously driven by top-tier institutional anchors, including the State of Wisconsin government, the University of Wisconsin-Madison, major health systems, and a booming technology sector.

Property Specifications & Financial Summary

This modern 2024 single-tenant commercial facility combines premier site design, high traffic access, and strong corporate backing.