Walgreens

1901 S. Oneida St., Appelton, WI 54915
$6,021,000
Status Available
Price $6,021,000
Cap Rate 4.75%
Price/SF $463
NOI $286,000
Lease Type Absolute NNN
Lease Term 13 Years
Lease Start 9/1/2022
Lease Expiration 8/31/2035
Building Size 13,000 SF
Lot Size 1.15 AC

Overview

Walgreens recently signed a 13 year, fee simple absolute NNN lease. There are no landlord obligations under the lease. And the lease contains rent increases of five percent (5%) every five years with 12 5-year options.

Walgreens is located with excellent access and visibility along South Oneida Street. The property is located on a signalized hard corner with a combined traffic count of over 28,000 vehicles per day.

Walgreens is strategically positioned in a strong retail corridor surrounded by national tenants including Pizza Hut, Dairy Queen, and Shell gas station. It is also less than a mile from St. Elizabeth Campus of Ascension NE Wisconsin Hospital (279 Beds) as well as State Highway 47, which is the main northwest-southeast highway in the state.