325 N Bluemound Dr - Medical FOR SALE


Appleton, WI 54914- Outer Appleton
$5,569,000 USD
248-688-0631
325 N Bluemound Dr, Appleton, WI for Sale
$5,569,000 USD
Medical - FOR SALE
1/9
null | 5.5% Cap Rate

325 N Bluemound Dr
Appleton, WI 54914
Outer Appleton


HIGHLIGHTS

  • 13+ Years Remaining | Scheduled Rental Increases | Corporate Guaranteed | Well-Known & Established Brand
  • NN Leased | Fee Simple Ownership | Limited Landlord Responsibilities
  • Near Signalized, Hard Corner Intersection | Centralized Location
  • Direct Residential Consumer Base | Demographics in 5-Mile Trade Area
  • Outparcel to Grand Plaza | Dense Retail Corridor | Strong Tenant Presence | Fox Valley Technical College

OVERVIEW

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NN leased, investment grade (S&P: BBB), corporate guaranteed, Fresenius Medical Care investment property located in Appleton, WI. The tenant, Bio-Medical Applications of Wisconsin, Inc. (DBA Fresenius Kidney Care Appleton), has 13 years of firm term remaining with 3 (5-year) option periods left to extend, demonstrating their commitment to the site. The lease features rare 1.70% annual rental increases throughout the initial term, followed by annual FMV increases throughout the options, growing NOI and hedging against inflation. The lease is guaranteed by the corporate entity and is NN with limited landlord responsibilities, making this an ideal, low-management investment opportunity for a passive investor. Founded in 1912, Fresenius Medical Care is the world’s largest provider of products and services for individuals with renal diseases. Fresenius is strategically located near the signalized, hard corner intersection of College Avenue and Bluemound Drive, averaging a combined 36,000 vehicles passing by daily. The asset benefits from nearby access onto Interstate 41 (85,000 VPD), a 176-mile-long highway that connects the northern Chicago MSA, Milwaukee, and Green Bay, WI. Fresenius is ideally situated within Grand Plaza, a 60K+ Neighborhood Center, and is near Westhill Plaza (193K+ SF), Marketplace College Ave (247K+ SF), Fox River Mall (1.3M+ SF), and other major shopping centers. The surrounding national/credit tenants include The Home Depot, PetSmart, Best Buy, Target, Walmart Supercenter, and many others. Furthermore, the subject is near several senior living facilities including Visiting Angels, Linwood Community, Heartwood Senior Living, and others, providing a direct consumer base for the site. The 5-mile trade area is supported by over 139,000 residents and 95,400 daytime employees, with a healthy household income of $88,609.

FOR SALE DETAILS

PRICE

$5,569,000 USD

PRICE/SF

$380 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2021

SPRINKLERS

-

PARKING SPACES

96

LAND DETAILS

LAND ACRES

3.29 AC

LAND SF

143,312 SF

ZONING

B-2

APN/PARCEL ID

10-2-5302-00

ASK ABOUT THIS PROPERTY

Frank RogersSRS Real Estate PartnersMore Info
248-688-0631

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Frank RogersSRS Real Estate PartnersMore Info
248-688-0631

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.