LensCrafters Madison

4518 E Washington Ave, Madison, WI 53704

  • For Sale $3,015,000
  • Property Type Retail - Street Retail
  • Property Size 3,500 SF
  • Lot Size 0.65 Acre
  • Property Tenancy Single Tenant
  • Year Built 2024
  • Date Updated Jul 22, 2025
Mid-America Real Estate – Wisconsin is pleased to offer for sale a brand-new LensCrafters located at 4518 E Washington Avenue in Madison, WI. This freestanding, 3,500 SF building was completed in 2024 and is 100% leased to LensCrafters under a 10-year NNN lease with two 5-year renewal options. The lease is guaranteed by Luxottica of America Inc., a subsidiary of EssilorLuxottica (EPA: EL), the world’s largest eyewear company. Rent increases by 10% every 5 years, including during option periods, providing long-term income growth. The property is strategically located along East Washington Avenue (US-151), a dominant retail corridor in Madison, directly across from East Towne Mall and surrounded by national tenants including Target, Best Buy, Chick-fil-A, and McDonald’s. The corridor sees over 38,700 VPD and serves one of Madison’s densest residential and commercial zones. This offering presents a rare opportunity to acquire a turnkey healthcare-adjacent retail asset backed by investment-grade credit in a high-traffic location within Wisconsin’s capital city.
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Highlights

  • 10% Rent Increases Every 5 Years – Including in two 5-year renewal options
  • 10-Year NNN Lease – Minimal landlord responsibilities; roof & structure only
  • Brand-New 2024 Construction – Delivered in Q1 2024 with high-end tenant buildout
  • Dense, Affluent Trade Area – 127,000+ residents within 5 miles | $107K avg HH income
  • Healthcare-Aligned Use – Eye exams, optical services, and prescription lens lab
  • Investment-Grade Guarantee – Lease backed by Luxottica of America (S&P A)
  • Prime Madison Retail Corridor – Directly across from East Towne Mall (4.6M visits/year per Placer.ai)
  • Strong Visibility & Traffic – Over 38,700 VPD along East Washington Avenue (US-151)

Contacts

broker
Dan Rosenfeld

Mid-America

Location

Getting Around

  • Walk Score ®

    82/100 Very Walkable

  • Transit Score ®

    40/100 Some Transit

  • Bike Score ®

    56/100 Bikeable
Powered by Walk Score ®
  • City Madison, WI
  • Neighborhood Westchester Gardens - Norman Acres
  • Zip Code 53704
  • Market Madison

Points of Interest

  • Eastwood Dr. @ First St.

    3.64 miles

  • Monona Dr. @ MG High School

    4.08 miles

  • Winnequah Rd. @ Wyldhaven Ave.

    4.97 miles

  • Capitol Square (Main St. @ King St.)

    5.33 miles

  • Tesla Supercharger

    0.21 miles

  • BP

    0.24 miles

  • Shell

    0.49 miles

  • PDQ

    0.74 miles

  • Mobil

    0.78 miles

  • ChargePoint

    0.79 miles

  • Kwik Trip

    1.02 miles

  • Casey's General Store

    1.56 miles

  • Citgo

    1.71 miles

  • Chargepoint

    1.83 miles

  • Culver's Parking

    0.31 miles

  • Arby's Parking

    0.53 miles

  • Denny's Parking

    0.54 miles

  • Student Parking Section A

    1.30 miles

  • Student Parking Section B

    1.34 miles

  • Student Parking Section C

    1.38 miles

  • Student Parking Section D

    1.40 miles

  • Student Parking Section E

    1.43 miles

  • Student Parking Section F

    1.45 miles

  • Pooley's Parking

    1.46 miles

  • McDonald's

    0.05 miles

  • Outback Steakhouse

    0.11 miles

  • Red Lobster

    0.11 miles

  • Portillo's

    0.15 miles

  • Mission BBQ

    0.17 miles

  • Chili's

    0.18 miles

  • Jersey Mike's Subs

    0.18 miles

  • Five Guys

    0.22 miles

  • Applebee's

    0.22 miles

  • MOD Pizza

    0.22 miles

  • JCPenney

    0.25 miles

  • East Towne Mall

    0.34 miles

  • Global Market and Food Hall

    0.38 miles

  • Kohl's

    0.39 miles

  • Ross

    0.45 miles

  • Marshalls

    0.50 miles

  • Maharaja Grocery

    0.52 miles

  • Target

    0.73 miles

  • ALDI

    0.78 miles

  • Hy-Vee

    0.95 miles

Frequently Asked Questions

How much does LensCrafters Madison cost?

The space currently listed for sale at LensCrafters Madison asks for $3,015,000.

What is the total square footage of LensCrafters Madison?

LensCrafters Madison totals 3,500 square feet.

When was this property built?

LensCrafters Madison was built in 2024.

Looking for more in-depth information on this property?

Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.

Contact Listing Broker
broker
Dan Rosenfeld

Mid-America

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