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1619 W. Wisconsin, Appleton 1619 W Wisconsin Ave 5,513 SF Retail Building Appleton, WI 54914 $977,000 ($177.22/SF) 5.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Long-term tenant (20+ years) - Safelite Auto Glass
- NNN lease through April 2029
- 3% annual rent increases
- Corporate Guarantee
- Pylon Sign
- New roof installed Nov. 2023 with 20-year guarantee
EXECUTIVE SUMMARY
This single-tenant NNN investment offers a stable, long-term national tenant, Safelite Auto Glass, who has occupied the building since 2004. The lease runs through April 2029 and provides reliable cash flow with 3% annual rent increases. The lease has a corporate guarantee. Rents remain below market, providing a compelling value-add opportunity upon renewal or re-tenanting. A new roof installed in November 2023 with a 20-year guarantee further reduces near-term capital expenditure risk.
Situated at a high-visibility corner location on Wisconsin Avenue, this property benefits from strong traffic counts, established surrounding retail, and central Appleton positioning. This is a low-maintenance, income-producing asset ideal for 1031 buyers or investors seeking predictable returns with minimal landlord responsibilities.
All showings coordinated with tenant; advance notice needed.
Situated at a high-visibility corner location on Wisconsin Avenue, this property benefits from strong traffic counts, established surrounding retail, and central Appleton positioning. This is a low-maintenance, income-producing asset ideal for 1031 buyers or investors seeking predictable returns with minimal landlord responsibilities.
All showings coordinated with tenant; advance notice needed.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Repair
Building Size
5,513 SF
Building Class
C
Year Built
1970
Price
$977,000
Price Per SF
$177.22
Cap Rate
5.50%
NOI
$53,733
Tenancy
Single
Building Height
1 Story
Building FAR
0.30
Lot Size
0.43 AC
Zoning
C-2
AMENITIES
- Bus Line
- Pylon Sign
- Signage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 31-5-0001-00 | Improvements Assessment | $520,800 |
| Land Assessment | $110,500 | Total Assessment | $631,300 |
PROPERTY TAXES
Parcel Number
31-5-0001-00
Land Assessment
$110,500
Improvements Assessment
$520,800
Total Assessment
$631,300
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1619 W. Wisconsin, Appleton | 1619 W Wisconsin Ave
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