729 W Northland Ave Appleton, WI 54914

Property Details for 729 W Northland Ave

Property size

14,490 SF

Property type

Drug stores

Description

This exceptional investment opportunity presents a 14,490 square foot Walgreens located at 729 W Northland Ave, Appleton, WI 54914, in Outagamie County. The property boasts a highly desirable absolute NNN lease with a corporate guarantee from Walgreens (NASDAQ:WBA), eliminating all landlord responsibilities. The current lease commenced August 9th, 2009, and has a remaining term of 9.8 years, extending to August 30th, 2034, with fifty one-year renewal options. The property sits on an 81,303 square foot lot and features a convenient drive-thru. This high-performing location, ranked among Walgreens' top 250 stores by Placer AI, generates a substantial net operating income (NOI) of $418,000, resulting in a compelling 7.90% cap rate. The asking price is $5,291,139, translating to $365.16 per square foot. The property enjoys excellent visibility and is strategically situated near other major national retailers including Kohl's, Aldi, McDonald's, and Starbucks, ensuring consistent traffic and strong tenant performance. This is a rare opportunity to acquire a secure, passively managed, and high-yielding investment property with significant long-term potential.

Location Insight

City

Appleton

County

Outagamie

State

Wisconsin

Longitude

-88.4172886

Latitude

44.2866268