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22284259
22284260

305 Racine St, Menasha, WI 54952

TC
GA 374849
CBRE Atlanta
BP
GA 349355
CBRE - Atlanta
Listed by CBRE Atlanta, CBRE - Atlanta
$3,850,615
472 days on market
Updated 111 days ago
Opportunity zone

Walgreens: Menasha, WI

Details
Property Type Retail
Sub Type Pharmacy/Drug
Net Rentable (SqFt) 13,890
Cap Rate 6.5%
NOI $250,290
Tenancy Single
Brand/Tenant Walgreens
Lease Type Absolute NNN
Lease Expiration 05/30/2039
Remaining Term 12.9
Rent Bumps Yes
Lease Options Twelve, 5-Year Options
Year Built 1996
Buildings 1
Stories 1
Acreage 1.320
Parking Spaces 70 spaces
Investment Type Net Lease

Retail | 6.50% CAP

Marketing description

CBRE is pleased to exclusively offer for sale the 13,890 square-foot Walgreens situated on 1.32 acres in Menasha, WI - a component of the Oshkosh-Neenah, WI MSA (population: 171,900+). The site is subject to a ±13.2-year absolute NNN lease with a 5% rent increase every 5 years throughout the term and in each of the twelve 5-year renewal options.

Investment highlights

NNN LEASE WITH RENEWAL OPTIONS

The site is subject to a ±13.2-year absolute NNN lease with a 5% rent increase every 5 years throughout the term and in

each of the twelve 5-year renewal options.

EXCELLENT ACCESS & VISIBILITY

Located approximately 13 miles northeast of Oshkosh, WI, Walgreens is positioned at the hard-corner, signalized

intersection of Racine Street (10,100 VPD) and 3rd Street (12,400 VPD). The site is directly adjacent to Subway, and is

immediately across the street from Taco Bell to the west and Marathon Gas to the south.

RETAIL & COMMERCIAL CORRIDOR

In total, there are 3.5 MSF of retail, 2.9 MSF of office, 10.2 MSF of industrial and 3,748 multi-family units within a 3-mile

radius of the site. Major retailers in the surrounding area include McDonald’s, USPS, Family Dollar, Citgo, Ace Hardware

and U-Haul, to name a few.

OSHKOSH-NEENAH, WI MSA

The Oshkosh-Neenah, WI Metropolitan Statistical Area (population: 171,900+) is a metropolitan area located in eastern

Wisconsin. It consists of two main cities: Oshkosh and Neenah, which are situated along the Fox River. The area is known

for its strong manufacturing industry, with a significant presence of companies such as Oshkosh Corporation and Snapon

Incorporated, among others. Additionally, the MSA is home to the University of Wisconsin-Oshkosh (7,949 students)

and Fox Valley Technical College (11,711 students), which contribute to the area’s economic and educational landscape.

The Oshkosh-Neenah MSA is a vital part of the Fox Valley region, offering a unique blend of industry, education, and

community resources that support the growth and development of its residents.

Listing Contacts

TC
GA 374849
CBRE Atlanta
BP
GA 349355
CBRE - Atlanta
Listed by CBRE Atlanta, CBRE - Atlanta

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$250,290.00
$20,857.50/mo

Valuation Metrics

0
DSCR
6.5%
Cap Rate
6.5%
ROI

Map

Zoning

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C1 CommercialRetail CommercialGeneral Commercial
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Last updated Jan 13, 2026 For deeper zoning details, reports are available at Zoneomics

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