Walgreens with 13 Year NNN Lease

$3,975,000

1901 South Oneida Street, Appleton, WI 54915

For Sale

Retail Free Standing

Active

Last Updated: 01/27/2025

Details:

Cap Rate: 7.19%

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

Offered by

Rich Lydon

Managing Director

Equity Investment Advisors

#CA Lic. 0146699

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Highlights:

13 year fee simple absolute NNN lease
5% rent increases every five (5) years
Corporate Guarantee (NASDAQ: WBA)
No landlord responsibilities
Additional Walgreens available
Less than one mile from Ascension Hospital (279 beds)

Description:

Brand new 13 year fee simple absolute NNN lease with no landlord responsibilities. The lease is guaranteed by Walgreens (NASDAQ: WBA). 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.