NNN Walgreens Property For
1901 S Oneida St, Appleton, WI 54915
NNN Walgreens with rare rent increases in strong retail corridor.
Type:Retail
Property size:
13,000 SFPrice / SF:
$289/SF- Added:
- Feb 27, 2026
- Days on Market:
- 129
- Last Refresh:
- Jun 25 at 2:49 am
Property Features for 1901 S Oneida St
General Information
- Standard status
- Active
- Size
- 13,000 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1992
Listing office Equity Investment Advisors
Listing date Feb 27, 2026
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Equity Investment Advisors
HighLights
- Brand new 13‑year absolute NNN lease with no landlord responsibilities, guaranteed by Walgreens.
- RARE 5% rent increases every 5 years.
- 12 5‑year options to renew the lease.
- Located in a strong retail corridor with national tenants.
- High traffic count: Over 16,400 vehicles per day on S. Oneida Street.
- Less than one mile from St. Elizabeth Hospital and State Highway 47.
Overview
This is a fee simple absolute NNN lease property with no landlord responsibilities, guaranteed by Walgreens. The new lease is for 13 years and includes rare five percent rent increases every five years, along with twelve 5-year options. The signing of this new lease confirms Walgreens' dedication to this store. The property is located on S. Oneida Street, which sees over 16,400 vehicles per day. It is strategically positioned in a strong retail corridor, surrounded by national tenants such as Pizza Hut, Dairy Queen, and a Shell gas station. The Walgreens is less than one mile from St. Elizabeth Campus of Ascension NE Wisconsin Hospital, which has 279 beds, and State Highway 47, the main northwest-southeast highway in Wisconsin. The property size is 13,000 square feet.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $273.0k | $21.00 |
| − Vacancy | −$11.5k | −$0.88 |
| EGI | $261.5k | $20.12 |
| − OpEx | −$65.4k | −$5.03 |
| NOI | $196.2k | $15.09 |
13,000 SF · lease $21.00/SF/yr · vacancy 4.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$2.80M
$2.45M – $3.27M
NOI $196,151 @ 7.0% cap · market cap 5.21%
Second Best
Retail
$2.40M
$2.10M – $2.80M
NOI $168,050 @ 7.0% cap · market cap 4.46%
Theoretical Best
Office A
$3.58M
$3.14M – $4.18M
NOI $250,900 @ 7.0% cap · market cap 6.66%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Walgreens
Pharmacy
FedEx OnSite
Postal Service
Thai Yang, PharmD
Pharmacy
Marshall Tuetken, PharmD
Pharmacy
Jamie Fisher, PharmD
Pharmacy
Similar Places Nearby
- Pick 'n Save Pharmacy — 511 W Calumet St, Appleton, WI 54915
- CVS Pharmacy — 1485 Oneida St, Appleton, WI 54915
- Smartproducts Enterprise — 109 e mitchell ave, appleton, wi 54915
- DRJ Supplements — 2000 S Memorial Dr #201, Appleton, WI 54915
- Posh Beaute — 2110 S Memorial Dr, Appleton, WI 54915
Location Insight
- Map
- Local Demand
- City
- Appleton
- County
- Outagamie
- State
- Wisconsin
- Longitude
- -88.4048883
- Latitude
- 44.2449451
Nearby Similar for Sale
FAQs
What type of property is this?
Drug store - NNN Walgreens with rare rent increases in strong retail corridor.
Where is this drug store located?
The property is located at 1901 S Oneida St Appleton, WI.
What is the asking price?
The asking price for this property is $3,765,000.
What are key features of this property?
This property features: Brand new 13‑year absolute NNN lease with no landlord responsibilities, guaranteed by Walgreens.; RARE 5% rent increases every 5 years.; 12 5‑year options to renew the lease.
