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5102 N Cherryvale Ave
Appleton, WI 54913

$3,900,000

Assisted Living For Sale  •  11,872 Sq Ft

Property Details

  • Property Type Assisted Living
  • Total Building Size 11,872 Sq Ft
  • Lot Size 2.8 ac
  • Year Built 2007
  • Cap Rate 9.89 %
  • Zoning Commercial
0 Transit Score
12 Walk Score

Description

Single tenant, Triple Net NNN investment.  
This property consts two buildings with a combined 40 room CBRF facility with a total area of of about 24,000 SQ FT.  Each room has separate bath.  Each Building has The standard room size is aprox. 315 Sq. Ft. Each building has Two living rooms, a main dining area, private dining room, kitchen, pantry, two offices, public restroom, beauty shop, bathing room, laundry room and two mechanical rooms, 44 parking spaces .  The remaining lease term is 2 years on one building and 4 on the other, tenant wishes to extend leases and has expressed her wishes to stay or sell the business to a potential buyer.  Tenant has operated the business for over 5 years and has been very consistent and reliable.

Highlights

NNN Investment opportunity with long term tenant
Located in the North side of Appleton near Ballard Rd & Hwy 41

Property Flyers

Financial Summary (Actual)

Net Operating Income: $385,620 (2018)
Cap Rate: 9.89 %

Public Transportation

AirportDriveWalkDistance
Outagamie County Regional Airport 23 min - 14.2 mi
Austin Straubel International Airport 37 min - 23.0 mi
Alex Matthes, CCIM 626-914-6859 RE/MAX Masters Realty
Alex Matthes, CCIM 626-914-6859 RE/MAX Masters Realty