500-520 N Westhill Blvd - Storefront Retail/Office FOR SALE


Appleton, WI 54914- Outer Appleton
$2,450,000 USD
920-858-4424
500-520 N Westhill Blvd, Appleton, WI for Sale
$2,450,000 USD
Storefront Retail/Office - FOR SALE
1/24
null | Request Cap Rate

500-520 N Westhill Blvd
Appleton, WI 54914
Outer Appleton


HIGHLIGHTS

  • 500 N Westhill Blvd presents an income-generating, 23,676-SF retail asset with a current five-year lease in place and 8,000 SF available for lease.
  • Nestled in the thriving town of Appleton, the 10-mile demographics confirm over 253,000 residents and a total consumer spending of $3.1B.
  • Leasing momentum and cash flow are easily feasible via the building’s prominent corner location, enabling visibility and multiple access points.
  • Asset sits on 2.3 acres and offers one exterior loading dock, 156 on-site parking spaces, and building and pylon signage.
  • Value-add property is currently home to Pawn America, a well-known regional pawn shop with a five-year lease in place.

OVERVIEW

Century 21 Affiliated is pleased to present the income-generating investment opportunity at 500 N Westhill Boulevard to the market. The 23,676-square-foot retail building, constructed in 1991, is ideally located on a signalized corner location in Appleton, Wisconsin, easily accessible via Interstate 41 and State Route 125. A combined total of 570 feet of direct frontage via N Westhill Boulevard and Woodman Drive provides a daily traffic count of 10,328 cars on the boulevard and more than 66,500 just a bit farther beyond on Interstate 41. This highly visible asset easily enables tenant signage exposure via building and pylon signages on-site, as well as provides multiple ingress/egress points. Pawn America currently occupies 16,000 square feet with a five-year lease in place. The vacant 8,000-square-foot space is in shell condition and provides a blank canvas for the building’s newest occupant to customize the space to their liking. Appleton is a charming city located about 30 miles southwest of Green Bay, Wisconsin. It straddles the Fox River at the north end of Lake Winnebago. In the Fox Valley, Appleton is part of the third most populous region of the state. The thriving city is home to Lawrence University, a private liberal arts college, providing plenty of student traffic on College Avenue. There is also a large pool of students near the University of Wisconsin-Oshkosh Fox Valley in Menasha, south of Appleton city limits. Appleton is serviced by Interstate 41, one of the most heavily trafficked corridors in the state, which allows travel times of an hour and a half south to Milwaukee and roughly 30 minutes north to Green Bay. Out-of-town travelers utilize the Appleton International Airport, which is convenient at 500 N Westhill Boulevard by 4 miles, providing a major customer base nearby. Of the 10 miles surrounding 500 N Westhill Boulevard, the area is economically stable and strongly influenced by Wisconsin’s paper industry, the largest in the nation and highly concentrated along the Fox River, linking the Fox Valley to Green Bay. Appleton’s strategic location near population centers in Green Bay, Fond du Lac, and Stevens Point has led to its position as one of the top retail centers in the state. Anchoring this is Fox River Mall, the largest mall in Wisconsin, which attracts more than 16 million shoppers annually. Located in Outagamie County, retailers here benefit from a population that is growing more than twice the rate of Wisconsin, with a median household income that is consistently higher than the national average. Schedule a tour today to see why this premier Appleton investment opportunity will serve as a cash-flowing, savvy investment asset.

FOR SALE DETAILS

PRICE

$2,450,000 USD

PRICE/SF

$103 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1991

SPRINKLERS

-

PARKING SPACES

156

LAND DETAILS

LAND ACRES

2.3 AC

LAND SF

100,188 SF

ZONING

Commercial

APN/PARCEL ID

10-1-1221-04

ASK ABOUT THIS PROPERTY

Oliver LathropCentury 21 Affiliated RealtyMore Info
920-858-4424

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Oliver LathropCentury 21 Affiliated RealtyMore Info
920-858-4424

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