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    Freestanding Walgreens Asset For Sale Title is generated by Realmo AI

    2301 S Oneida St, Ashwaubenon, WI 54304

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    Freestanding 13,500 SF Walgreens on 1.13 acres.

    Type:Retail
    Property size:
    13,500 SF
    Lot size:
    1.13 Acres
    Price / SF:
    $200/SF
    Added:
    Jul 10, 2024
    Days on Market:
    703
    Last Refresh:
    May 13 at 8:24 pm

    Property Features for 2301 S Oneida St

    General Information

    Standard status
    Active
    Size
    13,500 SF
    Lot size
    1.13 Acres
    Property subtype
    Retail

    Building Details

    Year Built
    2004

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    Listing Contact
    BJ Feller

    Listing agent BJ Feller License #IL 471007951

    Listing office Northmarq Capital, LLC

    Listing date Jul 10, 2024

    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 Northmarq Capital, LLC

    HighLights

    • Walgreens recently extended their lease for 12 years, demonstrating commitment to the location.
    • Walgreens reports consistently strong sales at this location.
    • Minimal landlord responsibilities as defined in the lease.
    • Fee‑simple interest in the Walgreens asset.
    • Freestanding building of +/- 13,500 square feet.
    • Located on a 1.13 acre parcel of land.

    Overview

    The Walgreens asset, located in Ashwaubenon, WI, is available for purchase. The property features a freestanding building of approximately 13,500 square feet, situated on a 1.13-acre parcel of land. Walgreens has recently extended their lease for 12 years at this location, reflecting their commitment to the site. The lease agreement specifies minimal landlord responsibilities. The property has consistently reported strong sales at this location.

    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 $243.0k $18.00
    − Vacancy −$6.3k −$0.47
    EGI $236.7k $17.53
    − OpEx −$59.2k −$4.38
    NOI $177.5k $13.15
    13,500 SF · lease $18.00/SF/yr · vacancy 2.60% · expense 25.00%

    Alternative Uses

    Best Use
    Specialty Retail
    $2.54M
    $2.22M – $2.96M (±1% cap)
    NOI $177,512 @ 7.0% cap · market cap 6.55%
    Second Best
    Retail
    $1.94M
    $1.70M – $2.27M (±1% cap)
    NOI $136,080 @ 7.0% cap · market cap 5.02%
    Theoretical Best
    Warehouse
    $11.29M
    $9.88M – $13.17M (±1% cap)
    NOI $790,207 @ 7.0% cap · market cap 29.14%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Drug stores

    Similar Places Nearby

    • Pharmacy Stars, LLC — 790 Hansen Rd Suite E 28040, Green Bay, WI 54301
    • Laura Sewall — 1150 Springhurst Dr #206, Green Bay, WI 543045950
    • Rejuvenate Life Chiropractic LLC — 2830 Ramada Way Suite A, Green Bay, WI 54304
    • Smile Direct Club — 2605 s oneida st, green bay, wi 54304
    • Fresh Thyme Market — 2767 S Oneida St, Ashwaubenon, WI 54304

    Map

    City
    Ashwaubenon
    County
    Brown
    State
    Wisconsin
    Longitude
    -88.0696
    Latitude
    44.4949

    FAQs

    What type of property is this?
    Drug store - Freestanding 13,500 SF Walgreens on 1.13 acres.
    Where is this drug store located?
    The property is located at 2301 S Oneida St Ashwaubenon, WI.
    What is the asking price?
    The asking price for this property is $2,712,000.
    What are key features of this property?
    This property features: Walgreens recently extended their lease for 12 years, demonstrating commitment to the location.; Walgreens reports consistently strong sales at this location.; Minimal landlord responsibilities as defined in the lease.
    More about this property
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