1001 Northland Ave Appleton, WI 54914-1420

Property Details for 1001 Northland Ave

Year built

1950

Lot size

0.36 lot acres

Property size

3,500 SF

Zone code

C2

Property type

Specialty properties

APN

31-5-4289-00

APU

315428900

Description

This exceptional investment opportunity presents a 3,500 square foot, Class B medical office building in Appleton, Wisconsin, fully occupied by Blue River Pet Care under a net lease. The property boasts a 7.50% cap rate and a substantial remaining lease term of 5.2 years, extending to January 31, 2030, with three five-year renewal options. The tenant, a leading operator of over 180 veterinary hospitals nationwide, provides a corporate guarantee, ensuring financial stability. The lease commenced January 17, 2017, and features rent bumps tied to the Consumer Price Index (CPI). The asking price is $1,281,860, translating to $366.25 per square foot. The property's strong performance history, coupled with the resilient nature of the veterinary services market (projected to reach $56.6 billion by 2029), makes this a compelling investment. The minimal landlord responsibilities inherent in the net lease structure offer a passive investment opportunity for both local and national investors. Located at 1001 West Northland Avenue, Appleton, WI 54914, this property represents a secure and lucrative addition to any portfolio. The Net Operating Income (NOI) is $96,139. The property's single-tenant occupancy ensures consistent cash flow and minimizes management complexities. The high build-out costs and patient retention challenges associated with veterinary hospital relocations contribute to the property's long-term stability.

Location Insight

City

Appleton

County

Outagamie

State

Wisconsin

Longitude

-88.4208

Latitude

44.287

CBSA code

11540

CBSA name

APPLETON, WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments