Absolute NNN Leased Walgreens | 729 W Northland Ave
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Absolute NNN Leased Walgreens 729 W Northland Ave
14,490 SF Retail Building Appleton, WI 54914 $5,291,139 ($365/SF) 7.90% Cap Rate
Investment Highlights
- Absolute NNN Lease
- High Performing Location - Massive Sales
- Drive-Thru Location
- Zero Landlord Obligations
- Corporate Guarantee - NASDAQ:WBA
- Excellent Visibility
Executive Summary
This is the opportunity to purchase a Walgreens with an absolute NNN lease
in Appleton, Wisconsin. This offering has a strong corporate guarantee. The
lease calls for zero landlord obligations. Beyond the initial term, tenant has
fifty (50) years of options with 12 month cancellation rights. The property
includes a drive-thru and is well located near major retailers. Surrounding
retail includes Kohl's, Aldi, McDonald's, Starbucks, and many others.
in Appleton, Wisconsin. This offering has a strong corporate guarantee. The
lease calls for zero landlord obligations. Beyond the initial term, tenant has
fifty (50) years of options with 12 month cancellation rights. The property
includes a drive-thru and is well located near major retailers. Surrounding
retail includes Kohl's, Aldi, McDonald's, Starbucks, and many others.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,490 SF
Building Class
B
Year Built/Renovated
2008/2016
Price
$5,291,139
Price Per SF
$365
Cap Rate
7.90%
NOI
$418,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
1.87 AC
Zoning
G2
Parking
60 Spaces (2.07 Spaces per 1,000 SF Leased)
Frontage
Amenities
- 24 Hour Access
- Bus Line
- Corner Lot
- Pylon Sign
- Signage
- Drive Thru
Walk Score ®
Very Walkable (77)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 31-5-4253-00 | Improvements Assessment | $1,454,000 |
| Land Assessment | $975,900 | Total Assessment | $2,429,900 |
PROPERTY TAXES
Parcel Number
31-5-4253-00
Land Assessment
$975,900
Improvements Assessment
$1,454,000
Total Assessment
$2,429,900
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Absolute NNN Leased Walgreens | 729 W Northland Ave
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