INVESTMENT OPPORTUNITY
SAB is pleased to present Kohl’s in Neenah, WI. Kohl’s operates under a double net lease structure, with 7 years remaining. The lease is corporately guaranteed by Kohl’s Department Stores, Inc. (S&P: BB+) which operates more than 1,100 locations throughout the country with a sales volume of $19.43 Billion. The subject property is ideally located on Winneconne Avenue and shares a parking lot with an adjacent Walmart Supercenter. Kohl’s has shown a strong commitment to this location by recently extending their lease for an additional 10 years.
- Kohl’s in Neenah, WI | Situated 33 Miles South of Green Bay
- Strong Corporate Guarantee | S&P: BB+
- Minimal Landlord Responsibilities | Kohl’s is Subject to a Double Net (NN) Lease Structure
- Strong Location Fundamentals | Adjacent to & Shared Parking Lot with Walmart Supercenter
- Ideally Located Along Winneconne Ave & Adjacent to I-41 Exit Ramp | Combined for More Than 98,500 Vehicles Per Day (VPD)
- Strong Local Demographics | Average Household Income Greater Than $82,000 Within 5 Miles
- Less Than a Mile from the Pendleton Park Apartment Complex | Newly Constructed $14 Million Project that includes 184 Units
- Significant Capital Commitment to the Area | More Than $40 Million in Planned Commercial Development Since 2019
- Commitment to Location | Kohl’s Recently Extended the Lease for an Additional 10 Years
- Situated Within Main Retail Corridor in Neenah | More Than 750,000 Square Feet of Retail Within One Mile
- Additional Retail in the Area Includes: Walmart, ALDI, CVS, Walgreens, Dollar Tree, Jimmy John’s, Applebee’s and Many More
Tenant | Price | Cap Rate | Lease Type | Square Feet | Status |
---|---|---|---|---|---|
Kohl's | $10,500,000 | 6.89% | NN | 86,854 | Available |