Listed by Marcus & Millichap - San Diego
$1,854,000
Dollar General
Details
Property Type Retail
Sub Type Storefront, Grocery Store
Square Footage 9,100
Net Rentable (SqFt) 9,100
Cap Rate 6.85%
NOI $127,000
Occupancy 100%
Tenancy Single
Rent Bumps Yes
Year Built 2026
Acreage 2.000
Investment Type Net Lease
Ground Lease No
South of Lake Superior (3.5+ Million Visitors/Year) | 15-Year Absolute NNN
Investment highlights
- 15-Year Absolute NNN Lease, No Landlord Responsibilities
- 5% Rental Increases Every 5 Years Throughout the Base Term and Options
- Investment Grade Credit Tenant (Rated ‘BBB’ by S&P), #112 on Fortune 500 in 2025
- Dollar General is the Nation’s Largest Retailer with 20,450+ Stores
- Classified Nationally as an Essential Retailer for Daily Shopping Needs
- Brand New Construction on an Oversized Parcel
- Serving Over 44,000 Residents in Douglas County
- Excellent Visibility and Access Along Major North/South Artery
- Adjacent to 986-Acre Lake Nebagamon, Attracting Thousands of Visitors Annually
- Just South of Lake Superior (3.5+ Million Visitors/Year) and Superior National Forest (1+ Million Visitors/Year)
- Close Proximity to Brule River State Forest with 120,000+ Visitors Annually
- Situated in the Superior Region, Tourism is a Major and Rapidly Growing Industry/Economic Driver in Northwest Wisconsin
Listing Contacts
Listed by Marcus & Millichap - San Diego
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$127,000.00
$10,583.33/mo
Valuation Metrics
0
DSCR
6.85%
Cap Rate
6.85%
ROI
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