For Sale
$1,680,000

110 Fox River DrAppleton, WI 54913

High-Yield NNN Auto Shop Investment

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional investment opportunity presents a brand-new, 1,418-square-foot Take 5 Oil Change located at 110 N Fox River Dr, Appleton, WI 54913. Situated on a 0.64-acre lot, this property boasts a 20-year triple-net (NNN) lease with a strong corporate guarantee from Drive Funding Holdco, LLC, a company with over 3,500 units. The lease commenced upon closing and features annual rent of $105,000, with built-in 1.50% annual increases to protect against inflation. The property offers a compelling 6.25% cap rate and requires zero landlord responsibilities, making it an ideal, low-maintenance investment. Built in 2023, this single-tenant property enjoys 100% occupancy and provides a secure, long-term income stream. The property's prime location in Appleton, Outagamie County, Wisconsin, further enhances its investment appeal. This is a rare opportunity to acquire a high-performing, passively managed asset with significant long-term growth potential. The asking price is $1,680,000.

Highlights

  • 20-Year NNN Sale-Leaseback with zero landlord responsibilities.
  • Strong corporate guarantee from Drive Funding Holdco, LLC (3,500+ units).
  • Absolute NNN lease; no landlord responsibilities.
  • Annual 1.50% rental increases.

Property Details for 110 Fox River Dr

Property type
Retail properties, Auto shops
Square Feet
1,418 SF
Year Built
2023
Lot Size (sq. ft)
27,878 SF

Location Insight

City
Appleton
County
Outagamie
State
Wisconsin
Latitude
44.2625912
Longitude
-88.4688073
110 Fox River Dr, Appleton, Wisconsin

FAQs

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110 Fox River Dr
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