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4938-4950 W Integrity Way 73,000 SF 100% Leased Retail Building Appleton, WI 54913 $15,485,496 CAD ($212.13 CAD/SF) 6.88% Cap Rate

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Investment Highlights

National Credit Tenancy | TJ Maxx / HomeGoods & La-Z-Boy
Top-Performing TJ Maxx / HomeGoods Location

Stabilized Large-Format Retail Asset

Executive Summary

Mid-America Real Estate – Wisconsin, LLC has been exclusively retained by ownership to offer the fee simple condominium interest in TJ Maxx / La-Z-Boy Center, a two-tenant national retail asset located along Integrity Way in Appleton, Wisconsin. The offering consists of two of the three units within the condominium association, leased to TJ Maxx / HomeGoods and La-Z-Boy Furniture Galleries. The third unit on the property is occupied by Altitude Trampoline Park and Luv 2 Play and is not included in this offering. The asset provides investors with durable income from two nationally recognized retail brands within one of the Fox Valley's primary regional retail corridors.
The offering provides investors with a rare opportunity to acquire a stabilized, large-format retail investment supported by established tenant operating histories, scheduled rent growth, corporate-level tenancy, and a highly functional retail location serving Appleton, Grand Chute, and the broader Fox Valley trade area.

Property Facts

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Freestanding

Building Size

73,000 SF

Building Class

Year Built/Renovated

1988/2007

Price

$15,485,496 CAD

Price Per SF

$212.13 CAD

Cap Rate

6.88%

NOI

$1,064,700 CAD

Percent Leased

100%

Tenancy

Multiple

Building Height

1 Story

Loading Docks

6 Exterior

Building FAR

0.17

Lot Size

9.63 AC

Zoning

CR - Commercial

Parking

657 Spaces (9 Spaces per 1,000 SF Leased)

Freeway Visibility

Pylon Sign

Signalized Intersection

Retailer
99,999 SF
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La-Z-Boy began in 1927 in Monroe, Michigan, when Edward Knabusch and Edwin Shoemaker developed the reclining chair that became the company’s signature product. Today, the company operates as a vertically integrated retailer and manufacturer, handling retail, manufacturing, design, distribution, and after-service care for home furnishings. La-Z-Boy’s portfolio includes the La-Z-Boy brand along with Joybird, England Furniture, Hammary, Kincaid, and American Drew, covering upholstered furniture, casegoods, and custom pieces for multiple rooms in the home. The business continues to focus on recliners, sofas, chairs, ottomans, and other home-furnishing categories through retail, wholesale, and digital channels.