355 Byrd Ave, Neenah, WI 54956

Building Details

Year Built

1979

Listing agent Andy Lubinski License #MN

Listing office Colliers - Minneapolis - St. Paul, Minnesota

Listing date Sep 12, 2024

Source Crexi

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Overview

This 369,545 square foot distribution facility is located at 355 Byrd Ave, Neenah, WI, and is available for investment sale. Situated on 15.6 acres, this industrial asset is 91.5% leased to Trilliant Food & Beverage, which recently amended its lease and executed a three-year extension through May 31, 2030. Trilliant occupies the entire building except the office portion, creating an opportunity to lease the office, recover OPEX, and increase cash flow. The facility presents an opportunity to acquire a net-lease investment with durable cash flow and embedded upside through below-market rents and future mark-to-market. The marketing is based on a June 2026 base-rent NOI of $1,238,480, adjusted for any lost NOI attributable to the office OPEX vacancy. Trilliant also operates nearby locations, underscoring this asset’s mission-critical role and strong occupancy continuity. Neenah is located 39 miles from Green Bay, 100 miles from Milwaukee, and 188 miles from Chicago. The market benefits from proximity to major population centers and labor pools and reflects a current vacancy of approximately 4% with average asking rents of $5.97/SF NNN.

Suggested Use

Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Neenah

County

Winnebago

State

Wisconsin

Longitude

-88.4744864

Latitude

44.1639069

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FAQs

What type of property is this?

Distribution center - 369,545 SF distribution facility in Neenah, WI for sale.

Where is this distribution center located?

The property is located at 355 Byrd Ave Neenah, WI.

What are key features of this property?

This property features: High‑quality, 369,545 SF distribution facility in a strategic Upper Midwest location.; Net‑lease investment with durable cash flow and future upside potential through below‑market rents.; 91.5% leased to Trilliant Food & Beverage, a major tenant with a lease extended through May 31, 2030.