Kohl's - Single Tenant Net Lease

Investment Overview

The subject property is an 86,854 square foot, single-story Kohl's department store on approximately 8.87 acres at 1175 W Winneconne Avenue in Neenah, Wisconsin. Built to suit for the tenant in 2000, the store features an efficient rectangular floor plate, rear-load service access, and 376 surface parking stalls — well in excess of the tenant's operating requirement. The site shares access and parking with the adjoining Walmart Supercenter, a configuration that drives cross-shopping between the two largest draws in the trade area, and benefits from signalized access on Winneconne Avenue and pylon signage visible from the Interstate 41 interchange. Kohl's Corporation (NYSE: KSS), which operates more than 1,100 stores nationally, has occupied the premises continuously since delivery. The corridor is the dominant retail node serving Neenah, Fox Crossing, and the southern Fox Cities, anchored at the Interstate 41 interchange at Exit 131, where the freeway carries in excess of 81,000 vehicles per day. The subject sits alongside Walmart Supercenter, Pick 'n Save, Aldi, CVS, Walgreens, and Dollar Tree, supported by national quick-service and casual dining, Kwik Trip and other fuel operators, hotel product, and service users including Wells Fargo, Old National Bank, and Firestone. This concentration of grocery, discount, and convenience anchors generates consistent daily-needs traffic that Kohl's captures without dependence on mall adjacent draw.

Investment Highlights

• Corporate Kohl's, 100% occupied — 86,854 SF single-tenant department store, built to suit in 2000 and continuously operated since
• Shared access and parking with Walmart Supercenter (est. 2.3M annual visits), the highest-traffic anchor in the corridor
• Hard-corner position at the I-41 interchange — 81,000 VPD on I-41 and 17,800 VPD on Winneconne Avenue
• Dominant Neenah retail node — Walmart, Spring Creek Junction, Aldi, Pick 'n Save, CVS, Walgreens, and Dollar Tree all within the immediate trade area
• 3.0% corridor vacancy with only 33,040 SF available and 21,440 SF max contiguous