2301 Oneida StAshwaubenon, WI 54304

Property Details for 2301 Oneida St

Year built

2004

Lot size

1.13 AC

Property size (Sq ft)

13,500 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

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.

Location Insight

City

Ashwaubenon

County

Brown

State

Wisconsin

Latitude

44.4888

Longitude

-88.0648

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