1901 Oneida St Appleton, WI 54915

Property Details for 1901 Oneida St

Year built

1992

Lot size

1.15 lot acres

Property size

13,000 SF

Property type

Retail properties

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.

Location Insight

City

Appleton

County

Outagamie

State

Wisconsin

Longitude

-88.4049

Latitude

44.245