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Dollar General

619 Warren St, Redgranite, WI 54970

Pricing

Price: $1,014,830

Cap Rate: 6.50%

NOI: $65,964

Price Per SF: $112.58

Leasable Area: 9,014 SF

Term Remaining: 8.5 Years

Year Built: 2009

Occupancy: 100%

Lot Size: 1.15 Acres

Status: Available

Highlights

  • Early Lease Extension - In 2020, Dollar General exercised an early renewal, showing strong commitment to this location. There are 8.5 years remaining on the initial term. Tenant has five, 5-year renewal options with 10% rental increases at the start of each option.

  • Strong Tenant - Dollar General has been in business since 1939 and  is the largest "Small Box" retailer in the nation with over 16,000 locations Nationwide. Dollar General (NYSE: DG) is an investment Grade tenant with a "BBB" rating.

  • Location - 10 miles from Berlin, WI with a population of 5,524 and 30 miles from Oshkosh, WI with a population of 66,773. Average Household income over $48,000

  • Pandemic Proof- Essential Business that was unaffected throughout the COVID-19 pandemic. Open and paying rent on time in full throughout. No requests for temporary rent abatement nor rent reduction

  • 1031 Exchange Asset - Dollar General is a great exchange property due to their creditworthiness and minimal landlord responsibilities. It is also deemed an essential business, thus staying open throughout the stay at home ordinances imposed nationwide

BROKERS OF RECORD: Bang Realty-Wisconsin, RE# 938148