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1619 W. Wisconsin, Appleton 1619 W Wisconsin Ave 5,513 SF Retail Building Appleton, WI 54914 $1,332,863 CAD ($241.77 CAD/SF) 5.50% Cap Rate
Investment Highlights
- Long-term tenant (20+ years) - Safelite Auto Glass
- NNN lease through April 2029
- 3% annual rent increases
- Corporate Guarantee
- Pylon Sign
- New roof installed Nov. 2023 with 20-year guarantee
Executive Summary
This single-tenant NNN investment offers a stable, long-term national tenant, Safelite Auto Glass, who has occupied the building since 2004. The lease runs through April 2029 and provides reliable cash flow with 3% annual rent increases. The lease has a corporate guarantee. Rents remain below market, providing a compelling value-add opportunity upon renewal or re-tenanting. A new roof installed in November 2023 with a 20-year guarantee further reduces near-term capital expenditure risk.
Situated at a high-visibility corner location on Wisconsin Avenue, this property benefits from strong traffic counts, established surrounding retail, and central Appleton positioning. This is a low-maintenance, income-producing asset ideal for 1031 buyers or investors seeking predictable returns with minimal landlord responsibilities.
All showings coordinated with tenant; advance notice needed.
Situated at a high-visibility corner location on Wisconsin Avenue, this property benefits from strong traffic counts, established surrounding retail, and central Appleton positioning. This is a low-maintenance, income-producing asset ideal for 1031 buyers or investors seeking predictable returns with minimal landlord responsibilities.
All showings coordinated with tenant; advance notice needed.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Repair
Building Size
5,513 SF
Building Class
C
Year Built
1970
Price
$1,332,863 CAD
Price Per SF
$241.77 CAD
Cap Rate
5.50%
NOI
$73,304 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.30
Lot Size
0.43 AC
Zoning
C-2
Amenities
- Bus Line
- Pylon Sign
- Signage
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 31-5-0001-00 | Improvements Assessment | $719,329 CAD |
| Land Assessment | $152,623 CAD | Total Assessment | $871,952 CAD |
Property Taxes
Parcel Number
31-5-0001-00
Land Assessment
$152,623 CAD
Improvements Assessment
$719,329 CAD
Total Assessment
$871,952 CAD
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1619 W. Wisconsin, Appleton | 1619 W Wisconsin Ave
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