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34530484
34530483

7775 U.S. 2, Iron River, WI 54847 For Sale

KM
CA 2067187, TN 362005
Matthews
CN
CA 02120126
Matthews
NF
CA CA02244861
Matthews
Listed by Matthews
$1,062,211
0 days on market
Updated 0 days ago

Family Dollar (Dark)

Details
Property Type Retail
Square Footage 8,359
Cap Rate 9.50%
NOI $100,910
Remaining Term 3
Price per SqFt $127
Year Built 2013
Acreage 1.160
Ground Lease No

Dark Family Dollar — 9.50% Cap Rate, Zero Landlord Responsibilities, Pure Passive Income

Investment highlights

• Absolute NNN (Dark Store) — This property features an Absolute NNN lease with zero landlord responsibilities, offering 100% passive income. Due to the fact the location is currently “dark,” a prospective purchaser benefits from steady rental cash flow while evaluating future value-add repositioning or backfill strategies.

• Corporate Tenant — The lease is signed by Family Dollar Stores of Wisconsin, Inc., Family Dollar operates over 7,100 locations across the country with a reported revenue of ~$13B in the last Fiscal Year. Despite the store being dark, the tenant remains contractually obligated to fulfill all financial responsibilities, including rent, real estate taxes, insurance, and property maintenance throughout the remainder of the lease term.

• Passive Value-Add Investment — This asset represents an ideal play for an investor seeking high-yield, low-risk corporate income in the short term, paired with the long-term upside of inheriting a well-maintained, freestanding commercial building.

• Dominant Highway Frontage Along US-2 — The asset is situated directly on the southeastern corner of US Highway 2 and Marion Street. The parcel maintains roughly 160 feet of direct exposure along US-2, a crucial cross-state transit corridor logging a solid local count of 5,900 vehicles per day.

• Tourism in Bayfield County – Bayfield County is one of the strongest visitor economies in the state relative to its size. Tourism generates an estimated $100 million in annual revenue countywide, and roughly one in four area residents works in the tourism industry — a durable, recurring stream of seasonal and year-round demand that supports lodging, food and beverage, retail, fuel, and recreation businesses.

Listing Contacts

KM
CA 2067187, TN 362005
Matthews
CN
CA 02120126
Matthews
NF
CA CA02244861
Matthews
Listed by Matthews

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$100,910.00
$8,409.17/mo

Valuation Metrics

0
DSCR
9.5%
Cap Rate
9.5%
ROI

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Additional Information

Name
Matt Fitzgerald
License
51983-90, 938105-91 (WI)
Brokerage
Matthews Real Estate Investment Services, Inc
Brokerage Phone
(866) 889-0550
Title
Broker of Record
Brokerage Address
600 West End Ave, Ste. 1500 Nashville, TN 37203
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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