

DOLLAR GENERAL
Retail | 8.50% CAP | 9,100 SqFt
Marketing description
The Hurd Net Lease Group of Marcus & Millichap is pleased to offer for sale the Dollar General located at 740 N Lake Avenue in Twin Lakes, Wisconsin.
The subject property was constructed in 2010 and consists of 9,100 rentable square feet. Dollar General has shown continued commitment to the location by extending the current lease early until February 28, 3031. Additionally, there are multiple five-year lease extension options, all with 10% rental increases every five years. This site is encompassed by a double net lease structure with the Landlord responsible for the roof and structure. The tenant pays for monthly common area maintenance which is reconciled annually, insurance is covered through their national provider and reimburses the landlord for the cost of real estate taxes.
Twin Lakes, Wisconsin is located in Western Kenosha County, which is bordering Illinois. The area is well sough after destination during the summer months as tourists and locals visit nearby Lake Mary and Elizabeth Lake. This store sits on N Lake Avenue which benefits from nearly 6,000 vehicles passing the site daily and is the only Dollar General in Twin Lakes.
Investment highlights
- Recent Lease Renewal and Store Remodel
- Minimal Landlord Responsibilities (No HVAC & Full CAM Reconciliation
- Over 22k Residents Living Within 5 Miles
- Average Household Incomes Nearing $100k
- Close Proximity To Lake Mary and Elizabeth Lake
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