Listed by Altus Commercial Real Estate
$905,000
NN LEASED DOLLAR GENERAL
Details
Property Type Retail
Sub Type Convenience Store
Square Footage 9,014
Units 1
Cap Rate 8.50%
NOI $76,920
Tenancy Single
Lease Type NN
Lease Expiration 03/31/2030
Rent Bumps Yes
Price per SqFt $100
Year Built 2005
Lot Size (SqFt) 37,963
Investment Type Net Lease
Retail | 8.50% CAP | 9,014 SqFt
Marketing description
Well-maintained NN leased standalone building occupied by Dollar General in Lancaster, Wisconsin. Dollar General has successfully operated at this location since 2005 and is currently in Option #3 of (5) separate 5-year renewal options. The current lease term expires on March 31, 2030, with two (2) additional 5-year extension options remaining. Rent increases by 10% upon the execution of each renewal option.
Investment highlights
- Well-maintained NN leased standalone building occupied by Dollar General in Lancaster, Wisconsin
- Dollar General has successfully operated at this location since 2005 and is currently in Option #3 of (5) separate 5-year renewal options
- The current lease term expires on March 31, 2030, with two (2) additional 5-year extension options remaining
- Rent increases by 10% upon the execution of each renewal option
Listing Contacts
Listed by Altus Commercial Real Estate
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$76,920.00
$6,410.00/mo
Valuation Metrics
0
DSCR
8.5%
Cap Rate
8.5%
ROI
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