Corporate Guaranteed Dollar
1815 SPAKENBURG RD Holmen, WI 54636
For Sale
Contact for pricing
Brand-new Dollar General is under construction with an absolute net lease and corporate guarantee.
Property Size10,640 SF
Price / SF$191.26
Days on Market74
Property Features for 1815 SPAKENBURG RD
General Information
- Standard status
- Active
- Size
- 10,640 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2026
Listing Agency:
Colliers - Milwaukee, Wisconsin
(949) 724-5561
Listed By:
Adam Connor · License #WI 69302-94
Source:
Crexi
Added: May 11
Changed: Jul 23
Last Checked: Jul 23 at 7:33AM
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 Colliers - Milwaukee, Wisconsin
Investment Insights
Based on property information with market context.
A brand-new corporate guaranteed Dollar General is currently under construction at 1815 Spakenburg Rd in Holmen, WI. The property is being built as a single-tenant retail asset with a 10,640 SF building on 1.2 acres, and it includes an upgraded brick and masonry facade.
The site is located on Spakenburg Road and is adjacent to State Highway 35 and US Highway 53.
The offering is subject to a 15-year absolute net lease with 25 years of option periods. Rent increases are scheduled every 5 years.
The site is located on Spakenburg Road and is adjacent to State Highway 35 and US Highway 53.
The offering is subject to a 15-year absolute net lease with 25 years of option periods. Rent increases are scheduled every 5 years.
Key Highlights
- Brand‑new 10,640 SF Dollar General building on 1.2 acres in Holmen, WI, currently under construction (Year built: 2026).
- 15‑year absolute net lease with 25 years of option periods.
- Rent increases every 5 years per lease terms.
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $229.8k | $21.60 |
| − Vacancy | −$12.6k | −$1.19 |
| EGI | $217.2k | $20.41 |
| − OpEx | −$54.3k | −$5.10 |
| NOI | $162.9k | $15.31 |
10,640 SF · lease $21.60/SF/yr · vacancy 5.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$2.33M
$2.04M – $2.71M
NOI $162,888 @ 7.0% cap · market cap 8.00%
Second Best
Retail
$1.53M
$1.34M – $1.78M
NOI $107,028 @ 7.0% cap · market cap 5.26%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Grocery and convenience stores
FAQs
What type of property is this?
Grocery and convenience store - Brand-new Dollar General is under construction with an absolute net lease and corporate guarantee.
Where is this grocery and convenience store located?
The property is located at 1815 SPAKENBURG RD Holmen, WI.
What is the asking price?
The asking price for this property is $2,035,000.
What are key features of this property?
This property features: Brand‑new 10,640 SF Dollar General building on 1.2 acres in Holmen, WI, currently under construction (Year built: 2026).; 15‑year absolute net lease with 25 years of option periods.; Rent increases every 5 years per lease terms.
