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500-520 N Westhill Blvd 23,676 SF 100% Leased Retail Building Appleton, WI 54914 $2,450,000 ($103.48/SF)

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INVESTMENT HIGHLIGHTS

  • 500 N Westhill Blvd presents an income-generating, 23,676-SF retail asset with a current five-year lease in place and 8,000 SF available for lease.
  • Leasing momentum and cash flow are easily feasible via the building’s prominent corner location, enabling visibility and multiple access points.
  • Value-add property is currently home to Pawn America, a well-known regional pawn shop with a five-year lease in place.
  • Nestled in the thriving town of Appleton, the 10-mile demographics confirm over 253,000 residents and a total consumer spending of $3.1B.
  • Asset sits on 2.3 acres and offers one exterior loading dock, 156 on-site parking spaces, and building and pylon signage.

EXECUTIVE SUMMARY

Century 21 Affiliated is pleased to present the income-generating investment opportunity at 500 N Westhill Boulevard to the market. The 23,676-square-foot retail building, constructed in 1991, is ideally located on a signalized corner location in Appleton, Wisconsin, easily accessible via Interstate 41 and State Route 125. A combined total of 570 feet of direct frontage via N Westhill Boulevard and Woodman Drive provides a daily traffic count of 10,328 cars on the boulevard and more than 66,500 just a bit farther beyond on Interstate 41. This highly visible asset easily enables tenant signage exposure via building and pylon signages on-site, as well as provides multiple ingress/egress points. Pawn America currently occupies 16,000 square feet with a five-year lease in place. The vacant 8,000-square-foot space is in shell condition and provides a blank canvas for the building’s newest occupant to customize the space to their liking.

Appleton is a charming city located about 30 miles southwest of Green Bay, Wisconsin. It straddles the Fox River at the north end of Lake Winnebago. In the Fox Valley, Appleton is part of the third most populous region of the state. The thriving city is home to Lawrence University, a private liberal arts college, providing plenty of student traffic on College Avenue. There is also a large pool of students near the University of Wisconsin-Oshkosh Fox Valley in Menasha, south of Appleton city limits. Appleton is serviced by Interstate 41, one of the most heavily trafficked corridors in the state, which allows travel times of an hour and a half south to Milwaukee and roughly 30 minutes north to Green Bay. Out-of-town travelers utilize the Appleton International Airport, which is convenient at 500 N Westhill Boulevard by 4 miles, providing a major customer base nearby.

Of the 10 miles surrounding 500 N Westhill Boulevard, the area is economically stable and strongly influenced by Wisconsin’s paper industry, the largest in the nation and highly concentrated along the Fox River, linking the Fox Valley to Green Bay. Appleton’s strategic location near population centers in Green Bay, Fond du Lac, and Stevens Point has led to its position as one of the top retail centers in the state. Anchoring this is Fox River Mall, the largest mall in Wisconsin, which attracts more than 16 million shoppers annually. Located in Outagamie County, retailers here benefit from a population that is growing more than twice the rate of Wisconsin, with a median household income that is consistently higher than the national average.

Schedule a tour today to see why this premier Appleton investment opportunity will serve as a cash-flowing, savvy investment asset.

PROPERTY FACTS

Sale Type
Investment
Sale Condition
Lease Option
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
23,676 SF
Building Class
C
Year Built
1991
Price
$2,450,000
Price Per SF
$103.48
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.24
Lot Size
2.30 AC
Zoning
Commercial - Commercial
Parking
156 Spaces (6.59 Spaces per 1,000 SF Leased)
Frontage
226’ on Westhill Blvd

AMENITIES

  • Pylon Sign
  • Signage

NEARBY MAJOR RETAILERS

9Round
Burn Boot Camp
Woodman's Liquor Store
Starbucks
Scooter's Coffee
Freddy's Frozen Custard & Steakburgers
Denny's
Huhot Mongolian Grill
Golden Corral Buffet & Grill
Perkins

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
10-1-1221-04
Land Assessment
$683,800
Improvements Assessment
$955,600
Total Assessment
$1,639,400
  • Listing ID: 27031797

  • Date on Market: 11/3/2022

  • Last Updated:

  • Address: 500-520 N Westhill Blvd, Appleton, WI 54914

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