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Kensington Strip Center | Appleton, WI 2400 S Kensington Dr 14,812 SF 100% Leased Retail Building Appleton, WI 54915 $2,850,000 ($192.41/SF) 7.25% Cap Rate
Investment Highlights
- Fully Leased Investment
- Located in a Thriving Retail Corridor
- Great Demographics
- Excellent Visibility
- Established Regional Market
Executive Summary
Fully Leased Investment -
The property is 100% leased to multiple tenants with four out of five tenants operating under NNN leases.
Excellent Visibility -
Positioned along Tri-County Expressway (Hwy 441) with exposure to 42,900 VPD.
Located in a Thriving Retail Corridor -
Positioned in the growing Appleton market, surrounded by established retail, service, and residential developments. Property is situated next door to a high traffic Aldi, which Placers in the top 3% of Aldi's nationwide.
Established Regional Market -
Appleton is a key city within the Fox Cities, a dynamic regional market of over 406,000 people in northeastern Wisconsin. As the sixth-largest city in the state, Appleton benefits from the economic strength of the broader metropolitan area.
Great Demographics -
Located only 30 miles south and west of Green Bay and just north of Lake Winnebago. Appleton's population has been consistently growing for decades. The area within a ten-mile radius of the property has a population exceeding 250,000, with an average household income of over $105,000.
The property is 100% leased to multiple tenants with four out of five tenants operating under NNN leases.
Excellent Visibility -
Positioned along Tri-County Expressway (Hwy 441) with exposure to 42,900 VPD.
Located in a Thriving Retail Corridor -
Positioned in the growing Appleton market, surrounded by established retail, service, and residential developments. Property is situated next door to a high traffic Aldi, which Placers in the top 3% of Aldi's nationwide.
Established Regional Market -
Appleton is a key city within the Fox Cities, a dynamic regional market of over 406,000 people in northeastern Wisconsin. As the sixth-largest city in the state, Appleton benefits from the economic strength of the broader metropolitan area.
Great Demographics -
Located only 30 miles south and west of Green Bay and just north of Lake Winnebago. Appleton's population has been consistently growing for decades. The area within a ten-mile radius of the property has a population exceeding 250,000, with an average household income of over $105,000.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
14,812 SF
Building Class
B
Year Built/Renovated
2003/2005
Price
$2,850,000
Price Per SF
$192.41
Cap Rate
7.25%
NOI
$206,548
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.12
Lot Size
2.78 AC
Zoning
C2
Parking
97 Spaces (6.55 Spaces per 1,000 SF Leased)
Amenities
- Freeway Visibility
- Pylon Sign
- Signage
- Drive Thru
Nearby Major Retailers
Property Taxes
| Parcel Number | 31-9-5000-11 | Improvements Assessment | $708,200 |
| Land Assessment | $857,700 | Total Assessment | $1,565,900 |
Property Taxes
Parcel Number
31-9-5000-11
Land Assessment
$857,700
Improvements Assessment
$708,200
Total Assessment
$1,565,900
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Kensington Strip Center | Appleton, WI | 2400 S Kensington Dr
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