Property Details for 2301 Oneida St

Year built

2004

Lot size

1.13 lot acres

Property size

13,500 SF

Property type

Retail properties & Spaces

Property subtype

Drug stores

Description

This exceptional investment opportunity presents a fee-simple interest in a thriving Walgreens located at 2301 S Oneida St, Ashwaubenon, WI 54304. The property boasts a 13,500 square foot freestanding building situated on a 1.13-acre lot, constructed in 2004. Currently operating under a Net Lease with a single tenant, Walgreens, the property enjoys a 100% occupancy rate. The lease commenced August 1st, 2009, and has a remaining term of 11.5 years, with six 5-year renewal options. The current lease provides a substantial net operating income (NOI) of $216,945, yielding a 7.00% cap rate. The asking price is $3,100,000, translating to $229.63 per square foot. The property features 50 parking spaces and benefits from a hard signalized corner location with excellent visibility. Its strategic location near Lambeau Field/Titletown, Bay Park Square Mall, and an Aurora Health Clinic, coupled with limited pharmacy competition, ensures consistent strong performance. The recent 12-year lease extension underscores Walgreens' commitment to this successful location. This is a rare opportunity to acquire a high-performing, low-maintenance retail asset with significant long-term potential. The property offers minimal landlord responsibilities, making it an ideal investment for passive income seekers.

Location Insight

City

Ashwaubenon

County

Brown

State

Wisconsin

Longitude

-88.0648

Latitude

44.4888