Current Use by Public Records
- Walgreens / Pharmacy
- FedEx OnSite / Postal Service / Courier Service
- Thai Yang, PharmD / Pharmacy
- Marshall Tuetken, PharmD / Pharmacy
- Jamie Fisher, PharmD / Pharmacy
Property Details for 1901 Oneida St
- Year built
- 1992
- Lot size
- 1.15 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Drug stores
Description
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.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Appleton
- County
- Outagamie
- State
- Wisconsin
- Longitude
- -88.4049
- Latitude
- 44.245
