325 Bluemound Dr Appleton, WI 54914-5745

Property Details for 325 Bluemound Dr

Year built

2022

Lot size

3.29 lot acres

Property size

14,628 SF

Property type

Medical offices

Property subtype

Medical centers

APN

10-2-5302-00

APU

102530200

Description

This exceptional investment opportunity presents a fee-simple interest in a 14,642 square foot medical office building in Appleton, Wisconsin. The property is 100% occupied by Fresenius Kidney Care under a triple-net (NNN) lease with a corporate guarantee, providing significant security and limited landlord responsibilities. The lease boasts 13 years remaining, with three 5-year renewal options, ensuring long-term income stability. Annual rent increases are built into the lease, mitigating inflation risks. Located at 325 N Bluemound Dr, this single-tenant building sits on a 3.29-acre lot and includes 96 parking spaces. The property benefits from its prime location near a major intersection with high traffic volume, providing excellent visibility and accessibility. Its proximity to other retail centers, including Grand Plaza, and a strong residential base further enhances its value. Built in 2021, the building is zoned for regional commercial use. The property's strong financial performance is reflected in its 5.50% cap rate and a net operating income (NOI) of $306,311. The asking price is $5,569,000, translating to $380.34 per square foot. This is a rare opportunity to acquire a high-quality, passively managed investment with a strong tenant and significant long-term growth potential. The property's location within a thriving commercial area, coupled with the strength of the tenant and the lease terms, makes this an attractive investment for discerning buyers.

Location Insight

City

Appleton

County

Outagamie

State

Wisconsin

Longitude

-88.4571

Latitude

44.2639

CBSA code

11540

CBSA name

APPLETON, WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments