3500 W College Ave - Appleton, WI $1,400,000
Prime Investment Opportunity: Retail Property
Location: 3600 W College Ave, Appleton, WI 54914
Property Type: Retail
Subtype: QSR/Fast Food
Investment Type: Net Lease
Class: A
Lease Type: NNN
Tenancy: Single
Lease Expiration: 09/01/2024
Remaining Term: 0.5 years
Square Footage: 3,800
Price/Sq Ft: $368.42
Cap Rate: 8.53%
Occupancy: 100%
NOI: $119,379
Year Built: 1984
Years Renovated: 2000, 2013
Zoning: Commercial
Lot Size (acres): 0.43
Parking (spaces): 10
Rent Bumps: Yearly .90 rent bumps
Broker Co-Op: Yes
Lease Options: 2 5-Year Options
Ground Lease: No
Sale Condition: 1031 exchange
Marketing Description: Don't miss this opportunity to invest in a prime retail property located at 3600 W College Ave, Appleton, WI 54914. This single-tenant property is currently leased by Kesslers, the largest seller of diamonds and diamond engagement rings in Wisconsin. With 100% occupancy and a cap rate of 8.53%, this Class A property offers a stable investment with a NOI of $119,379. Kesslers, a 100% employee-owned company, has been operating at this location since 1997 and boasts a stellar reputation. With no landlord responsibilities and a high traffic count of 28,600, this property is a lucrative investment opportunity. Contact us today for more information!
Purchase Price: $1,400,000
View on Crexi: Click Here
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