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29018766
29832897

331 E Center St, Juneau, WI 53039

MW
GA 395778
Avison Young - Atlanta
IH
GA 420644
Avison Young - Atlanta
Avison Young
SH
GA 382113
Avison Young - Atlanta
Listed by Avison Young - Atlanta, Avison Young
$580,000
163 days on market
Updated 47 days ago

Dollar General - Juneau, WI

Details
Property Type Retail
Sub Type Storefront
Square Footage 15,800
Cap Rate 9.00%
Brand/Tenant Dollar General
Lease Type NN
Remaining Term 6
Price per SqFt $37
Year Built 2001
Year Renovated 2025
Investment Type Net Lease

Retail | 9.00% CAP | 15,800 SqFt

Marketing description

This Dollar General location offers a highly secure investment backed by an investment-grade corporate guaranty (S&P: BBB/Stable) from Dollar General Corporation, which reported FY2024 sales of $38.7 billion and net income of $1.7 billion. The property benefits from low rent at approximately $3/SF, positioning it among the most competitive rates on the market. Recently remodeled to the tenant’s current prototype, the site features updated interior and exterior finishes, a new sign, and brand-new refrigeration units, ensuring no deferred maintenance. Additional capital improvements include a roof replacement in 2020 and parking lot upgrades to tenant standards. Dollar General has operated at this location for 21 years and recently executed a five-year early lease extension in 2025, underscoring their long-term commitment. The lease provides an imminent 13% rent increase in October 2026, followed by 10% increases at each option, offering a strong hedge against inflation. With limited landlord responsibilities and a unique reimbursement structure that generates approximately $3,500 annually in parking lot expense arbitrage, this asset delivers stable income with minimal capital outlay.

Investment highlights

  • Recent early extension

  • Interior remodel

  • Low rent at $3 psf

  • Brand new roof

  • Investment grade corporate guaranty

Listing Contacts

MW
GA 395778
Avison Young - Atlanta
IH
GA 420644
Avison Young - Atlanta
Avison Young
SH
GA 382113
Avison Young - Atlanta
Listed by Avison Young - Atlanta, Avison Young

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