Shopping Strip
Dollar Tree & Tipsy Taco
127-129 S Memorial Dr, Appleton, WI 54911
Listing Price: $1,983,867
Investment Overview
Marcus & Millichap is pleased to exclusively present a fully occupied two-tenant center featuring Dollar Tree and Tipsy Taco & Tequila Bar. Both tenants operate on attractive net leases, with Dollar Tree having six years left on a 10-year lease that is corporately guaranteed, and Tipsy Taco commencing a new five-year lease in November 2022 with 5% annual rental increases. Ideally located in Downtown Appleton, the property is surrounded by various retailers, hotels, and Lawrence University. Additionally, it's conveniently situated near major intersections with high daily vehicle traffic and has a strong demographic profile with substantial residential and employment populations, including nearby new multi-family developments.
Investment Highlights
- 100% Occupied Two-Tenant Center | Dollar Tree and Tipsy Taco & Tequila Bar
- Year Two (2/1/2025 - 1/31/2026) Cap Rate Improves to 8.31% at Our Asking Price | Achieved Through Tipsy Taco's Rent Growth and Conversion to Full Net Reimbursement
- Dollar Tree has Six Years Remaining of a 10-Year Lease | Corporately Guaranteed
- Tipsy Taco Started a New Five-Year Lease in November 2022 with 5% Rental Increases Annually
- Ideally Situated in Downtown Appleton | Surrounded by an Abundance of Retailers, Hotels, and Lawrence University
- Downtown Appleton is Home to Over 60 Shops, 50 Casual and Fine Dining Restaurants, Nearly 30 Bars, Clubs, Live Music Venues, Art Galleries, and More
- Directly Off of the Memorial Drive and College Street Intersection | 50,200 Vehicles per Day
- Located in a Dense Area with Many New Multi-Family Developments Nearby | 153,552 People Live Within Five Miles | Expected to Grow 2.5% by 2027
Listing Price: $1,983,867
Investment Highlights
- 100% Occupied Two-Tenant Center | Dollar Tree and Tipsy Taco & Tequila Bar
- Year Two (2/1/2025 - 1/31/2026) Cap Rate Improves to 8.31% at Our Asking Price | Achieved Through Tipsy Taco's Rent Growth and Conversion to Full Net Reimbursement
- Dollar Tree has Six Years Remaining of a 10-Year Lease | Corporately Guaranteed
- Tipsy Taco Started a New Five-Year Lease in November 2022 with 5% Rental Increases Annually
- Ideally Situated in Downtown Appleton | Surrounded by an Abundance of Retailers, Hotels, and Lawrence University
- Downtown Appleton is Home to Over 60 Shops, 50 Casual and Fine Dining Restaurants, Nearly 30 Bars, Clubs, Live Music Venues, Art Galleries, and More
- Directly Off of the Memorial Drive and College Street Intersection | 50,200 Vehicles per Day
- Located in a Dense Area with Many New Multi-Family Developments Nearby | 153,552 People Live Within Five Miles | Expected to Grow 2.5% by 2027
Investment Overview
Marcus & Millichap is pleased to exclusively present a fully occupied two-tenant center featuring Dollar Tree and Tipsy Taco & Tequila Bar. Both tenants operate on attractive net leases, with Dollar Tree having six years left on a 10-year lease that is corporately guaranteed, and Tipsy Taco commencing a new five-year lease in November 2022 with 5% annual rental increases. Ideally located in Downtown Appleton, the property is surrounded by various retailers, hotels, and Lawrence University. Additionally, it's conveniently situated near major intersections with high daily vehicle traffic and has a strong demographic profile with substantial residential and employment populations, including nearby new multi-family developments.

