4706 New Horizons Blvd - Medical FOR SALE


Appleton, WI 54914- Outer Appleton
$7,500,000 USD
513-300-0763
4706 New Horizons Blvd, Appleton, WI for Sale
$7,500,000 USD
Medical - FOR SALE
1/18
null | 7.87% Cap Rate

4706 New Horizons Blvd
Appleton, WI 54914
Outer Appleton


HIGHLIGHTS

  • BluePearl Pet Hospital – Prime Core+ Investment Opportunity
  • Stable, Near-Term Cash Flow with High Growth
  • Institutional-Quality Tenant and Operations
  • Premier Class A Medical Facility in a High-Growth Market
  • Significant Upside Potential and Value-Add Opportunities
  • Re-tenanting opportunity: Strong demand from 50+ major healthcare operators in Wisconsin

OVERVIEW

BluePearl Pet Hospital – Prime Core+ Investment Opportunity Presenting BluePearl Pet Hospital, a premier STNL investment opportunity at 4706 W New Horizons Blvd, Appleton, WI 54914. This Core+ asset, located in a growing, high-demand market, provides immediate cash flow stability with substantial long-term upside potential and promising forward-looking assumptions. Stable, Near-Term Cash Flow with High Growth: - NNN lease with 4.5 years of remaining term - Fixed 2.00% annual rent escalations and below-market rent - Two (2) five-year renewal options at fair market rent  Institutional-Quality Tenant and Operations: - BluePearl Pet Hospital (Mars-owned, S&P A+ rated parent company) - Established presence with a strong financials - Extensive referral network (240+ referring veterinarians across WI and northern MI) - Experienced veterinary team (19 veterinarians on-site with an average tenure of 10-15 years) - High caseload: 120-150 ER cases and 30+ surgical cases per week  Premier Class A Medical Facility in a High-Growth Market: - State-of-the-art facility built by Boldt with significant reinvestment from tenant and landlord - Strategic location with major roadway access and strong surrounding amenities - Growing population and above-average median household income - Only 24-hour specialty and emergency vet hospital in the region (next closest: 100+ miles away)  Significant Upside Potential and Value-Add Opportunities: - Adaptable for any medical use - Multiple end of lease value-add opportunities in 2029: - Fair market renewal: Potential $190,500 NOI increase (option Year 1 NOI: $821,500) - Blend and extend: New 10- to 15-year lease structure Re-tenanting opportunity: Strong demand from 50+ major healthcare operators in Wisconsin

FOR SALE DETAILS

PRICE

$7,500,000 USD

PRICE/SF

$234 USD /SF

CAP RATE

7.87%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

BluePearl Pet Hospital

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

2003

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

5 AC

LAND SF

217,800 SF

ZONING

-

APN/PARCEL ID

10-1-1324-00

ASK ABOUT THIS PROPERTY

Brian BrockmanBang RealtyMore Info
513-300-0763

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Brian BrockmanBang RealtyMore Info
513-300-0763

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