Map of Property

Lens Crafters Madison

4518 E Washington Ave, Madison, WI 53704

  • For Sale $3,150,000
  • Property Type Retail - Street Retail
  • Property Size 3,500 SF
  • Lot Size 0.65 Acre
  • Property Tenancy Single Tenant
  • Year Built 2024
  • Date Updated Apr 24, 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

  • - Brand-New 2024 Construction – Delivered in Q1 2024 with high-end tenant buildout
  • - 10-Year NNN Lease – Minimal landlord responsibilities; roof & structure only
  • - 10% Rent Increases Every 5 Years – Including in two 5-year renewal options
  • - Investment-Grade Guarantee – Lease backed by Luxottica of America (S&P A)
  • - Healthcare-Aligned Use – Eye exams, optical services, and prescription lens lab
  • - 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)
  • - Dense, Affluent Trade Area – 127,000+ residents within 5 miles | $107K avg HH income

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 Lens Crafters Madison cost?

The space currently listed for sale at Lens Crafters Madison asks for $3,150,000.

What is the total square footage of Lens Crafters Madison?

Lens Crafters Madison totals 3,500 square feet.

When was this property built?

Lens Crafters 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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