Standalone Convenience
1400 Ihm Street, Lancaster, WI 53813
For Sale
New
$905,000
Dollar General has occupied the property since 2005 under an NN lease.
Property Size9,014 SF
Price / SF$100.40
Days on Market1
Property Features for 1400 Ihm Street
General Information
Standard status
Size
Property subtype
Zoning
Tenancy & Operations
Currently Operating
Tenant in Place
Building Details
Building Size
Year Built
Buildings
Tenancy
Listing Agency:
Altus Commercial Real Estate, Inc.
(608) 338-1101
Listed By:
Carson Brewer · License ##111143-94
(608) 445-2384
Source:
Coactionrealestate
Added: Nov 6
Last Checked: Nov 6 at 7:10AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Altus Commercial Real Estate, Inc.
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Investment Insights
Based on property information with market context.
Built in 2005, this standalone convenience store in Lancaster, Wisconsin, is occupied by Dollar General. The retailer has operated at the property since that year, and the building is leased on an NN basis.
The current lease term ends March 31, 2030. The tenant is in the third of five renewal options, with two additional five-year extensions available. Rent increases by 10% when each renewal option is exercised.
The current lease term ends March 31, 2030. The tenant is in the third of five renewal options, with two additional five-year extensions available. Rent increases by 10% when each renewal option is exercised.
Key Highlights
- Standalone building occupied by Dollar General since 2005
- Built in 2005
- NN lease expires March 31, 2030
Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
83
Businesses Nearby
34k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Kwik Trip
Shops & Services
18,597 visits/mo
0.4 miles
Dollar General
Shops & Services
7,312 visits/mo
0.1 miles
Cenex
Shops & Services
5,105 visits/mo
0.2 miles
O'Reilly Auto Parts
Shops & Services
2,235 visits/mo
0.1 miles
Les Mack Ford
Shops & Services
671 visits/mo
0.3 miles
Demographics for 53813, WI
6,267
Population
2,430
Households
2.6
Avg Household Size
41
Median Age
25%
College-Educated
94%
High-School Grad
144.3 sq mi
ZIP Area
43
Density / Sq Mi
$80,946
Median Household Income
$45,441
Median Earnings
$803
Median Rent
$204,900
Median Home Value
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Dollar General has occupied the property since 2005 under an NN lease.
Where is this grocery and convenience store located?
The property is located at 1400 Ihm Street Lancaster, WI.
What is the asking price?
The asking price for this property is $905,000.
What are key features of this property?
This property features: Standalone building occupied by Dollar General since 2005; Built in 2005; NN lease expires March 31, 2030
