Appleton, WI
- Walgreens has a history of strong reported sales volumes at this location.
- Less than 1 mile of ThedaCare Regional Medical Center which is the region's largest employer (7,000+ employees, 172 beds).
- Dense retail and industrial trade area with 6.2 million square feet of retail space and 8.3 million square feet of industrial space in a 3-mile radius.
- Located directly across the street from Edenbrook Nursing Home (150 beds) and 0.7 miles from Rennes Health and Rehabilitation Center (88 beds).
- Appleton is the 6th largest city in Wisconsin with a population of 143,000 in a 5-mile radius.
- Located at the signalized hard corner with strong combined traffic count of 30,000 VPD and blocks from Interstate 41 with traffic count of 76,200 VPD.
We are pleased to market for sale the Walgreens property located at 2803 North Meade Street in Appleton, Wisconsin ("The Property"). Walgreens has been successfully operating at this location for 15 years and has just over 10 years of firm term remaining before the option periods on an absolute net lease with no landlord obligations whatsoever.
Strategically positioned within a major medical hub, the Property benefits from its close proximity to ThedaCare Regional Medical Center, a 24-hour level 3 trauma emergency center with 172 beds and over 7,000 employees. Additionally, the Property serves as the closest pharmacy to multiple medical institutions in a 1-mile radius including Edenbrook Nursing Home and Rennes Health and Rehabilitation Center, totaling 238 beds.
The immediate 3-mile trade area demonstrates robust economic activity with 6.2 million square feet of retail space and 8.3 million square feet of industrial space, both maintaining less than 2.5% vacancy rates, reflecting a strong employment base and a high-barrier to entry. Appleton, as the 6th largest city in Wisconsin, contributes to the Property's success, benefiting from the dense infill location with over 143,000 residents within a 5-mile radius.
