Dicks Sporting Goods | Across from Regional Mall
Appleton, WI
Price: $6,452,000Cap Rate: 7.25%Building SF: 52,000 SFLot Size: 5.85 AcresYear Built: 2000Status: Available

Investment Highlights: 

Dick’s Sporting Goods – Strong Corporate Lease Guaranty – $8.59B in Revenue (2017) – The subject property is leased to Dick’s Sporting Goods, the largest U.S. based full-line omni-channel sporting goods retailer in the market with $8.59B in Revenue reported for their 2017 fiscal year end.  Dick’s Sporting Goods currently operates 716 Sporting Goods locations across the United States making them the most desirable sporting goods tenant in the retail investment world.

17+ Year Operating History – Tenant Exercised 5-Year Option Early Showing Commitment to Site – Originally a build to suit for Dick’s in 2000, the tenant has operated successfully at this location for over 17 years and in 2015, exercised a 5-year option early bringing them to a 10-year term.

Premier Retail Location Across from Fox River Mall: 1.2 Million Square Foot Super Regional Mall  16 Million Shoppers Annually – Dick’s is located directly across from the Fox River Mall, a 1.2 million-square-foot super-regional shopping mall that draws $16,000,000 shopper annually from cities such as Green Bay and Milwaukee. Anchor tenants include Macy’s, JC Penney, Target, and Sears, as well as other national retailers including Cost Plus World Market, Talbots, Banana Republic, Pottery Barn, DSW, Hobby Lobby, David’s Bridal, and many more. 

Easy Access from Interstate 41 (61,000 CPD) – Multiple Access Points – The property is ideally situated one street from the on/off ramp to Interstate 41 (61,000+ cars per day), for quick access to downtown Green Bay just 33 miles to the northeast and Milwaukee 100 miles to the south. The property offers multiple access points, abundant parking, and drive-around truck access.

Located on Major Retail/Commuter Corridor – Visibility to 33,000+ CPD – Dick’s is located with frontage along W. Greenville Drive with visibility from East Wisconsin Ave/Hwy 96, offering outstanding visibility to 33,000+ cars per day.

Located in Appleton – Home to Fox Valley Technical College, the Largest Technical College in Wisconsin (20,000+ Students Annually) – The subject property is located in Appleton, the county seat of Outagamie County. Located along the Fox River, Appleton’s population is roughly about 73,000 people. It is the home of Fox Valley Technical College, which serves about 20,000 people annually, more than any other technical college in Wisconsin.


Ryan Barr

rbarr@lee-associates.com
O. 760.448.2446
F. 760.929.9977

Ryan Bennett

rbennett@lee-associates.com
O. 760.448.2449
F. 760.929.9977