Dollar General NNN
For Sale
Contact for pricing
6816 East County Road B, Lake Nebagamon, WI 54849
A 15-year absolute NNN structure supports this branded commercial property.
Property Size9,100 SF
Price / SF$203.74
Days on Market138
Property Features for 6816 East County Road B
General Information
Standard status
Active
Size
9,100 SF
Property subtype
Retail
Occupancy
100%
Investment Type
Net Lease
Net Operating Income
$127,000
Building Details
Year Built
2026
Tenancy
Single
Listing Agency:
Marcus & Millichap - San Diego
(858) 373-3100
Listed By:
Phil Sambazis · License #01474991
Source:
Crexi
Added: Apr 15
Changed: Aug 30
Last Checked: Aug 30 at 3:45AM
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 Marcus & Millichap - San Diego
Investment Insights
Based on property information with market context.
This Dollar General property is identified with a 15-year absolute NNN lease structure and a 2026 build year. The asset is associated with the Dollar General brand and carries a listed property size of 9,100.
Located at 6816 East County Road B in Lake Nebagamon, Wisconsin, the property is positioned south of Lake Superior, an area described as receiving more than 3.5 million visitors annually.
Located at 6816 East County Road B in Lake Nebagamon, Wisconsin, the property is positioned south of Lake Superior, an area described as receiving more than 3.5 million visitors annually.
Key Highlights
- 15‑year absolute NNN lease structure
- Dollar General‑branded property
- Built in 2026
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$111,679
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.02%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,233,580
$2.2M
Cap Rate 7%
$1,595,414
$1.6M
Cap Rate 9%
$1,240,878
$1.2M
Market Conditions
NOI Build-Up for 9,100 SF
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.
Gross rent
$163.8K $18.00/SF
− Vacancy
−$4.3K −$0.47/SF
EGI
$159.5K $17.53/SF
− OpEx
−$47.9K −$5.26/SF
NOI
$111.7K $12.27/SF
Area
Douglas County, WI
Vacancy
2.60%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,233,580
Cap Rate 7%
$1,595,414
Cap Rate 9%
$1,240,878
Alternative Uses
Best Use
Retail
$1.60M
$1.40M – $1.86M
NOI $111,679 @ 7.0% cap · market cap 6.02%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.87M
$2.51M – $3.35M
NOI $200,841 @ 7.0% cap · market cap 10.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
4
Businesses Nearby
Explore this area
Business Placement
Demographics for 54849, WI
1,967
Population
1,276
Households
1.5
Avg Household Size
50
Median Age
32%
College-Educated
96%
High-School Grad
86.7 sq mi
ZIP Area
23
Density / Sq Mi
$77,353
Median Household Income
$46,726
Median Earnings
$838
Median Rent
$254,200
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - A 15-year absolute NNN structure supports this branded commercial property.
Where is this nnn property located?
The property is located at 6816 East County Road B Lake Nebagamon, WI.
What is the asking price?
The asking price for this property is $1,854,000.
What are key features of this property?
This property features: 15‑year absolute NNN lease structure; Dollar General‑branded property; Built in 2026
