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33513105
33513106

880 SPRUCE ST, BALDWIN, WI 54002

DH
NC NC 288268
Atlantic Capital Partners
ES
MA MA 9577141
Atlantic Capital Partners
ML
NC NC 231272
Atlantic Capital Partners
BO
NC NC 315015
Atlantic Capital Partners
Listed by Atlantic Capital Partners
$1,226,338
16 days on market
Updated 16 days ago

Dollar General | Baldwin, WI

Details
APN 106-2003-95-112
Property Type Retail
Sub Type Storefront
Net Rentable (SqFt) 9,391
Units 1
Cap Rate 8%
NOI $98,107
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General, Dollar Tree (+2)
Lease Type Absolute NNN
Lease Term 20
Lease Expiration 12/31/2031
Remaining Term 5.5
Rent Bumps Yes
Lease Options 5 x 5-year options
Class A
Year Built 2012
Acreage 1.230
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 01/01/2012
Ground Lease No

8% CAP | CORP ABS NNN | TOP PERFORMING LOCATION

Investment highlights

RECENT LEASE EXTENSION EXERCISED | COMMITMENT THROUGH 2031

  • Dollar General recently exercised its first five-year lease extension, extending the lease through December 2031 and demonstrating continued commitment to the location after more than 13 years of successful operation.

TOP 8% OF WISCONSIN DOLLAR GENERAL LOCATIONS | PLACER.AI

  • According to Placer.ai, the store ranks within the top 8% of all Dollar General locations in Wisconsin by foot traffic, providing meaningful third-party validation of store productivity and site performance.

ABSOLUTE NNN LEASE WITH ZERO LANDLORD RESPONSIBILITIES

  • The property is leased on an Absolute NNN basis with no landlord obligations, creating a passive ownership structure and predictable cash flow stream.

INVESTMENT-GRADE TENANT

  • Dollar General Corporation operates more than 20,000 locations nationwide and maintains an investment-grade BBB credit rating from S&P, providing investors with credit-backed income from one of the country's most recognized discount retailers.

AFFLUENT TWIN CITIES COMMUTER TRADE AREA

  • The property serves a trade area with average household income of approximately $108,000 within five miles and benefits from its position within the broader Minneapolis-St. Paul commuter corridor, one of the largest and most economically diverse regions in the Midwest.

NECESSITY-BASED RETAILER | PERFORMANCE ACROSS ECONOMIC CYCLES

  • Approximately 80% of Dollar General's sales are generated from consumable and non-discretionary merchandise categories, supporting consistent customer demand regardless of broader economic conditions.

Listing Contacts

DH
NC NC 288268
Atlantic Capital Partners
ES
MA MA 9577141
Atlantic Capital Partners
ML
NC NC 231272
Atlantic Capital Partners
BO
NC NC 315015
Atlantic Capital Partners
Listed by Atlantic Capital Partners

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$98,107.00
$8,175.58/mo

Valuation Metrics

0
DSCR
8%
Cap Rate
8%
ROI

Map

Zoning

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C-1-H CommercialSpecial CommercialHighway Commercial
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Last updated Jan 22, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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