TJ Maxx / HomeGoods & La-Z-Boy | Appleton MSA Investment
Investment-Grade Retail Credit | TJ Maxx/HomeGoods & La‑Z‑Boy
Marketing description
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.
Investment highlights
- National Credit Tenancy - Integrity Way Retail Center is 100% leased to TJ Maxx / HomeGoods and La-Z-Boy Furniture Gallery, two nationally recognized retail tenants. TJX provides best-in-class retail credit, while La-Z-Boy adds a second established national brand backed by a corporate guaranty from La-Z-Boy Incorporated.
- La-Z-Boy Remodel - La-Z-Boy completed a comprehensive store remodel in the spring of 2026, investing approximately $800,000 to $900,000 into the location. This significant capital commitment demonstrates the tenant's strong demand for the site and reinforces its long-term commitment to the property.
- Top-Performing TJ Maxx / HomeGoods Location - TJ Maxx / HomeGoods is the primary income driver at the Property and has demonstrated strong store performance at this Appleton location. Tenant reports sales as a result of a percentage rent clause in its Lease.
- Established Fox Valley Retail Location - The Property is located in the Appleton / Grand Chute retail market, one of Northeast Wisconsin's premier regional shopping destinations. The surrounding corridor benefits from exceptional national retail co-tenancy, including Walmart, Costco, Menards, and Fox River Mall, reinforcing the area's strong regional draw, convenient access, and broad consumer base throughout the Fox Valley.
- Stabilized Large-Format Retail Asset - Integrity Way Retail Center offers a simplified, 100% occupied two-tenant operating profile with limited historical recovery slippage and predictable NOI. Both TJX and La-Z-Boy recently extended their leases, with expirations on October 31, 2031, and July 31, 2030, respectively, providing durable near-term cash flow and reduced rollover exposure.
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