Strong Sales 9.75 Yrs In Medical Hub 8.0 CAP 2803 N Meade St

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 9.75 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.
Listed in association with Brian Brockman, Bang Realty, 513.898.1551, wg@bangrealty.com, WI DRE Lic. 58914-90