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Walgreens: Menasha, WI 305 Racine St 13,890 SF Retail Building Menasha, WI 54952 $3,850,615 ($277.22/SF) 6.50% Cap Rate
Investment Highlights
- NNN Lease with Renewal Options
- 3.5 MSF of retail, 2.9 MSF of office, 10.2 MSF of industrial and 3,748 multi-family units within a 3 mile radius of the site
- Approximately 13 miles northeast of Oshkosh, WI
Executive Summary
CBRE is pleased to exclusively offer for sale the 13,890 square-foot Walgreens situated on 1.32 acres in Menasha, WI - a component of the Oshkosh-Neenah, WI MSA (population: 171,900+). The site is subject to a ±13.2-year absolute NNN lease with a 5% rent increase every 5 years throughout the term and in each of the twelve 5-year renewal options.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
13,890 SF
Building Class
B
Year Built
1996
Price
$3,850,615
Price Per SF
$277.22
Cap Rate
6.50%
NOI
$250,290
Tenancy
Single
Building Height
1 Story
Building FAR
0.24
Lot Size
1.32 AC
Opportunity Zone
Yes
Zoning
C1 - Commercial
Parking
54 Spaces (3.89 Spaces per 1,000 SF Leased)
Frontage
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 1-00275-02 | Improvements Assessment | $745,800 |
| Land Assessment | $621,500 | Total Assessment | $1,367,300 |
Property Taxes
Parcel Number
1-00275-02
Land Assessment
$621,500
Improvements Assessment
$745,800
Total Assessment
$1,367,300
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Walgreens: Menasha, WI | 305 Racine St
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