For Sale
$3,100,000

2301 Oneida StAshwaubenon, WI 54304

High-yield Walgreens, strong lease, prime location.

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional investment opportunity presents a fee-simple interest in a thriving Walgreens located at 2301 S Oneida St, Ashwaubenon, WI 54304. The property boasts a 13,500 square foot freestanding building situated on a 1.13-acre lot, constructed in 2004. Currently operating under a Net Lease with a single tenant, Walgreens, the property enjoys a 100% occupancy rate. The lease commenced August 1st, 2009, and has a remaining term of 11.5 years, with six 5-year renewal options. The current lease provides a substantial net operating income (NOI) of $216,945, yielding a 7.00% cap rate. The asking price is $3,100,000, translating to $229.63 per square foot. The property features 50 parking spaces and benefits from a hard signalized corner location with excellent visibility. Its strategic location near Lambeau Field/Titletown, Bay Park Square Mall, and an Aurora Health Clinic, coupled with limited pharmacy competition, ensures consistent strong performance. The recent 12-year lease extension underscores Walgreens' commitment to this successful location. This is a rare opportunity to acquire a high-performing, low-maintenance retail asset with significant long-term potential. The property offers minimal landlord responsibilities, making it an ideal investment for passive income seekers.

Highlights

  • Excellent Lambeau Field/Titletown proximity, limited pharmacy competition.
  • Passive net lease with a recent 12-year lease extension.
  • Low rent and strong residual income.
  • High-performing location anchored by an Aurora Health Clinic.
  • High-visibility corner lot with traffic signal.
  • Near Bay Park Square Mall.

Property Details for 2301 Oneida St

Property type
Retail properties, Drug stores
Square Feet
13,500 SF
Year Built
2004
Buildings
1
Lot Size (sq. ft)
49,223 SF

Location Insight

City
Ashwaubenon
County
Brown
State
Wisconsin
Latitude
44.4888347
Longitude
-88.0647673
2301 Oneida St, Ashwaubenon, Wisconsin

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2301 Oneida St
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