Listed by ParaSell Inc, Sands Investment Group
$880,000
Dollar General - Redgranite, WI
Details
Property Type Retail
Sub Type Storefront
Square Footage 9,014
Cap Rate 7.5%
NOI $65,964
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General
Lease Type NN
Lease Term 20.1
Lease Expiration 10/31/2029
Remaining Term 3.3
Rent Bumps Yes
Price per SqFt $98
Year Built 2009
Acreage 1.150
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 10/14/2009
Ground Lease No
9,014 SF | Double Net (NN) | Dollar General
Marketing description
We are pleased to exclusively offer for sale the 9,014 SF Dollar General located at 619 W Warren Street in Redgranite, WI. This deal includes a Double Net (NN) Dollar General with minimal landlord responsibilities. The property is backed by a corporate guarantee from Dollar General, an investment grade tenant, offering long-term stability and dependable income for investors.
Investment highlights
- Strategically located along W Warren Street in Redgranite, WI, serving as the primary everyday needs retail destination for the local trade area with no direct competing Dollar Store concepts in the market.
- Minimal landlord responsibilities as the tenant is responsible for everything except roof and structure, delivering a near-passive ownership experience for investors.
- Corporate guaranteed lease backed by Dollar General Corporation (NYSE: DG), an investment grade rated tenant (S&P: BBB) with 20,893 locations nationwide.
- Dollar General has a proven, recession-resistant retail concept that targets core customers in smaller communities.
- Structured rent growth through option periods through 5, 5-year renewal options with scheduled rental increases of 8.9% at option 1 and 10% at each subsequent option period (options 2-5), providing investors with a clear and predictable path to growing NOI and long-term wealth accumulation well beyond the 2029 primary term expiration.
Listing Contacts
Listed by ParaSell Inc, Sands Investment Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$65,964.00
$5,497.00/mo
Valuation Metrics
0
DSCR
7.5%
Cap Rate
7.5%
ROI
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