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    1901 Oneida St Appleton, WI 54915

    For Sale
    $4,088,000

    High-yield Walgreens Pharmacy, Appleton, WI

    Property size:
    13,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional investment opportunity presents a fee-simple, absolute NNN Walgreens located at 1901 S Oneida St, Appleton, WI 54915. Boasting a 13-year lease (commencing August 31, 2022, and expiring August 30, 2035), this 13,000 square foot property offers a substantial remaining lease term of 10.8 years. The property features a strong corporate guarantee from Walgreens, a tenant with an investment-grade rating. The lease includes attractive 5% rent increases every five years, with twelve 5-year renewal options, ensuring consistent income growth. The property's Net Operating Income (NOI) is $286,000, resulting in a 7.00% cap rate. Situated on a 1.15-acre lot with 39 parking spaces, the property benefits from high visibility and traffic, exceeding 16,400 vehicles daily. Its strategic location in a thriving retail corridor, near national brands like Pizza Hut, Dairy Queen, and a Shell gas station, further enhances its appeal. The proximity to Ascension NE Wisconsin Hospital (279 beds) and State Highway 47 adds to its desirability. The property was built in 1992 and enjoys 100% occupancy. The asking price is $4,088,000, translating to a price per square foot of $314.46. This is a rare opportunity to acquire a stable, high-performing investment with significant long-term potential. The Walgreens drive-thru adds further convenience for customers.

    Property Features for 1901 Oneida St

    General Information

    Property type
    Individual retail properties
    Square Feet
    13,000 SF
    Lot Size
    50,094 SF

    Building Details

    Year Built
    1992

    HighLights

    • 13‑year absolute NNN lease.
    • 5% rent increases every five years.
    • Corporate guarantee from Walgreens (NASDAQ: WBA).
    • Zero landlord responsibilities.
    • Less than one mile from a 279‑bed Ascension Hospital.
    • High traffic location with over 16,400 vehicles per day.
    Property Profile Location Intelligence

    Current Use by Public Records

    Walgreens Drug Store FedEx OnSite Mailing Service Thai Yang, PharmD Pharmacy Marshall Tuetken, PharmD Pharmacy Jamie Fisher, PharmD Pharmacy

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Appleton
    County
    Outagamie
    State
    Wisconsin
    Longitude
    -88.4048627
    Latitude
    44.245019

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    FAQs

    What type of property is this?
    Individual retail property - High-yield Walgreens Pharmacy, Appleton, WI
    Where is this individual retail property located?
    The property is located at 1901 Oneida St Appleton, WI.
    What is the asking price?
    The asking price for this property is $4,088,000.
    What are key features of this property?
    This property features: 13-year absolute NNN lease.; 5% rent increases every five years.; Corporate guarantee from Walgreens (NASDAQ: WBA).
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1901 Oneida St Appleton, WI 54915
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