Walgreens with 13 Year NNN Lease

1901 South Oneida Street, Appleton, WI

$4,540,000

Price

6.3%

Cap Rate

$286,000

NOI

Gallery
Street
Map
Overview
Cap Rate
6.3%
NOI
$286,000
Building Size
13,000 sqft
Lot Area
1.15 acres
Lease Type
Absolute Net
Year Built
1992
Price Per Sqft
$431
Tenancy
Single
Parking Spots
39
Description

Brand new 13 year fee simple absolute NNN lease with no landlord responsibilities. The lease is guaranteed by Walgreens, an investment grade tenant rated BBB by S&P. The lease contains RARE five percent (5%) rent increases every five (5) years with 12 5-Year options. The signing of this new lease confirms its dedication to this store.

The traffic count on S. Oneida Street has over 16,400 vehicles per day. It is strategically located in a strong retail corridor surrounded by national tenants including Pizza Hut, Dairy Queen and Shell gas station. Walgreens is less than one 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 Wisconsin.

Highlights
  • 13 year fee simple absolute NNN lease
  • 5% rent increases every five (5) years
  • Investment grade tenant (S&P: BBB-)
  • No landlord responsibilities
  • Additional Walgreens available
  • Less than one mile from Ascension Hospital (279 beds)
Documents
Title
Walgreens_Appleton_WI_OM.pdf
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Location
Gallery