Fully Leased Appleton Retail
2400 S Kensington Dr, Appleton, WI
Call to check price and availability
100% leased retail property in thriving Appleton market.
Type:RETAIL
Property size:
14,812 SFLot size:
2.78 AcresPrice / SF:
$192/SF- Added:
- Sep 23, 2025
- Days on Market:
- 243
- Last Refresh:
- Apr 5 at 8:10 pm
Property Features for 2400 S Kensington Dr
General Information
- Standard status
- Active
- Size
- 14,812 SF
- Lot size
- 2.78 Acres
- Property subtype
- RETAIL
Listing agent Brian Brisky License #40546562 (715) 529-4441
Listing office Brisky Net Lease (715) 529-4441
Listing date Sep 23, 2025
Source Moodyscre
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 Brisky Net Lease
HighLights
- Fully Leased Investment: 100% leased to multiple tenants, providing immediate income.
- NNN Leases: Four out of five tenants operate under NNN leases, minimizing landlord expenses.
- High Traffic Location: Excellent visibility on Tri‑County Expressway (Hwy 441) with 42,900 VPD.
- Thriving Retail Corridor: Located next to a high‑traffic Aldi (top 3% nationwide) in a growing market.
- Strong Demographics: Large population (over 250,000 within a 10‑mile radius) with a high average household income (over $105,000).
- Established Regional Market: Located in Appleton, a key city within the Fox Cities, a dynamic regional market of over 406,000 people.
Overview
This fully leased investment property is located in the growing Appleton market, surrounded by established retail, service, and residential developments. The property is 100% leased to multiple tenants, with four out of five tenants operating under NNN leases. Situated next door to a high traffic Aldi, which places in the top 3% of Aldi's nationwide, the property benefits from excellent visibility along Tri-County Expressway (Hwy 441), with exposure to 42,900 vehicles per day. Appleton is a key city within the Fox Cities, a dynamic regional market of over 406,000 people in northeastern Wisconsin. As the sixth-largest city in the state, Appleton benefits from the economic strength of the broader metropolitan area. The area within a ten-mile radius of the property has a population exceeding 250,000, with an average household income of over $105,000. Located only 30 miles south and west of Green Bay and just north of Lake Winnebago, Appleton's population has been consistently growing for decades. The property encompasses 14,812 square feet.
Financial Insights
Value Estimation Calculated for Retail
Conservative
$2.13M
NOI $191,474 @ 9.00% cap · cautious / downside scenario
Moderate
$2.74M
NOI $191,474 @ 7.00% cap · market / base-case scenario
Aggressive
$3.83M
NOI $191,474 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Retail
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $280.8k | $18.96 |
| − Vacancy | −$7.3k | −$0.49 |
| EGI | $273.5k | $18.47 |
| − OpEx | −$82.1k | −$5.54 |
| NOI | $191.5k | $12.93 |
14,812 SF · lease $18.96/SF/yr · vacancy 2.60% · expense 30.00%
Alternative Use Scenarios
Best Use
Retail
$2.74M
$2.39M – $3.19M
NOI $191,474 @ 7.0% cap · market cap 6.72%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.08M
$3.57M – $4.76M
NOI $285,872 @ 7.0% cap · market cap 10.03%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
95 Yoga House
Gym & Fitness Center
Christianos Pizza
Restaurant
Sole 2 Soul, ...
Counselor
Big Apple Bagels
(Bike/Boat/Book/etc) Store
Avram D. Berk ...
Law Firm
Location Insight
- Map
- Local Demand
- City
- Appleton
- County
- Outagamie
- State
- Wisconsin
- Longitude
- -88.3602
- Latitude
- 44.2405
Nearby Similar for Sale
FAQs
What type of property is this?
Strip mall - 100% leased retail property in thriving Appleton market.
Where is this strip mall located?
The property is located at 2400 S Kensington Dr Appleton, WI.
What is the asking price?
The asking price for this property is $2,850,000.
What are key features of this property?
This property features: Fully Leased Investment: 100% leased to multiple tenants, providing immediate income.; NNN Leases: Four out of five tenants operate under NNN leases, minimizing landlord expenses.; High Traffic Location: Excellent visibility on Tri‑County Expressway (Hwy 441) with 42,900 VPD.
