Freestanding Walgreens Asset For
2301 S Oneida St Ashwaubenon, WI 54304
For Sale
Contact for pricing
Pending
Freestanding 13,500 SF Walgreens on 1.13 acres.
Property Size13,500 SF
Lot Size1.13 Acres
Days on Market748
Property Features for 2301 S Oneida St
General Information
- Standard status
- Pending
- Size
- 13,500 SF
- Lot size
- 1.13 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 2004
Listing Agency:
Northmarq Capital, LLC
Listed By:
BJ Feller · License #IL 471007951
Source:
Crexi
Added: Jul 10, 2024
Changed: Jul 10
Last Checked: Jul 26 at 5:52AM
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
Investment Insights
Based on property information with market context.
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.
Key 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.
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
NOI $177,512 @ 7.0% cap · market cap 6.55%
Second Best
Retail
$1.94M
$1.70M – $2.27M
NOI $136,080 @ 7.0% cap · market cap 5.02%
Theoretical Best
Warehouse
$11.29M
$9.88M – $13.17M
NOI $790,207 @ 7.0% cap · market cap 29.14%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Isalis
(Bike/Boat/Book/etc) Store
Party City
Party Supply Store
Skunk Funk
Big Box & Wholesale Store
Carl's Trading Co
Hat Shop
Bushka's Kitchen LLC
(Bike/Boat/Book/etc) Store
Similar Off Market Nearby
- Custom Health Pharmacy — 844 Willard Dr, Green Bay, WI 54304
- Alisyn Baciak — 301 Bay Park Square, Green Bay, WI 543045104
- Thomas Boucher — 301 Bay Park Square, Green Bay, WI 543045104
- Gena Trast — 301 Bay Park Square, Green Bay, WI 543045104
- Bella Salon and Spa — 933 Anderson Dr Suite l, Green Bay, WI 54304
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.
