Listed by S.L. Nusbaum Realty Co, @S.L. Nusbaum Realty Co Richmond
$1,100,000
Dollar General
Details
Property Type Retail
Sub Type Convenience Store, Grocery Store
Square Footage 9,100
Cap Rate 7.66%
NOI $84,240
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 08/31/2036
Remaining Term 10.2
Year Built 2021
Acreage 1.020
Investment Type Net Lease
Tenant Credit Credit Rated
Lease Commencement 09/01/2021
Ground Lease No
Ownership Fee Simple
Sale Condition 1031 exchange
Abs. NNN | 7.66% CAP | Nearby School (443 students)
Marketing description
SLN Capital Markets, a division of S.L. Nusbaum Realty Co., is pleased to exclusively present the property leased to Dollar General at 820 Roosevelt Road in Niagara, WI.
Built new in 2021, the property contains an approximate 9,100 SF building on 1.02 acres and sits close to the Wisconsin-Michigan border. It is just a half-mile to the School District of Niagara (443 students, k-12).
There are approximately 11 years left of initial lease term on this Absolute NNN lease (no landlord responsibilities) with four, 5-year options. There are 10% rent bumps in each option period.
Investment highlights
Absolute NNN lease (no LL responsibilities)
10% rent bumps in each option period.
Investment grade tenant (S&P: BBB)
Half-mile from K-12 school (443 students)
Listing Contacts
Listed by S.L. Nusbaum Realty Co, @S.L. Nusbaum Realty Co Richmond
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$84,240.00
$7,020.00/mo
Valuation Metrics
0
DSCR
7.66%
Cap Rate
7.66%
ROI
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