For Sale
$18,000,000

2465 Monroe Rd De Pere, WI 54115

High-yield, NNN-leased medical facility.

Property records and analytics

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional investment opportunity presents a newly constructed, Class A medical office building totaling 20,754 square feet, located at 2465 Monroe Rd, De Pere, WI 54115. The property is a single-tenant, absolute NNN lease with Nutex Health (NASDAQ: NUTX), a publicly traded healthcare company, providing a corporate guarantee. The 20-year lease commenced April 1, 2024, and includes three 5-year renewal options, with annual rent increases based on the greater of 2.5% or CPI. The building, constructed in 2024, houses a 14-bed micro-hospital featuring advanced imaging equipment (MRI, X-ray, ultrasound, CT scan). Situated in a high-growth area of Brown County, Wisconsin (the 4th largest county), the property benefits from high traffic volume (25,000 vehicles daily) on Monroe Road and proximity to major highways, Green Bay Austin Straubel International Airport, and the Port of Green Bay. The strong local economy, driven by healthcare, boasts a median household income exceeding $71,000 and median home values over $251,000. The property offers a compelling 8.25% cap rate and a Net Operating Income (NOI) of $1,484,949, making it an attractive addition to any portfolio. The asking price is $18,000,000. This is a fee-simple ownership opportunity with 100% occupancy.

Highlights

  • New 2024 construction, built-to-suit for Nutex Health; features 8 ER beds, 6 inpatient beds, and advanced imaging (MRI, X-ray, ultrasound, CT).
  • 20-year Absolute NNN lease with 2.5% or CPI annual increases.
  • Corporate guarantee from publicly traded Nutex Health (NASDAQ: NUTX).
  • Operated by Nutex Health, a leading healthcare management company with significant growth plans.
  • Absolute NNN lease; tenant responsible for all operating expenses.
  • Located in Brown County, Wisconsin, the state's 4th largest county (population >270,000).

Property Details for 2465 Monroe Rd

Property type
Office properties, Medical offices
Square Feet
20,754 SF
Class
A
Year Built
2024
Buildings
1
Stories
1

Location Insight

City
De Pere
County
Brown
State
Wisconsin
Latitude
44.4566907
Longitude
-87.9899677

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FAQs

What type of property is this?
Office property - High-yield, NNN-leased medical facility.
Where is the office property located?
The property is located at 2465 Monroe Rd De Pere, WI.
What is the asking price?
The asking price for this property is $18,000,000.
What are key features of this property?
This property features: New 2024 construction, built-to-suit for Nutex Health; features 8 ER beds, 6 inpatient beds, and advanced imaging (MRI, X-ray, ultrasound, CT).; 20-year Absolute NNN lease with 2.5% or CPI annual increases.; Corporate guarantee from publicly traded Nutex Health (NASDAQ: NUTX).
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].

Contacts

Mike Spisak
Mike Spisak
Christopher Stai
Christopher Stai
Ryan Michaels
Ryan Michaels
Scott Reid
Scott Reid
Visit Broker Website

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Monroe Rd
De Pere, WI 54115

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De Pere, WI 54115

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.

2465 Monroe Rd
  • Mike Spisak
    Mike Spisak
  • Christopher Stai
    Christopher Stai
  • Ryan Michaels
    Ryan Michaels
  • Scott Reid
    Scott Reid
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