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New Dollar General Investment Opportunity

788 Main St Allenton, WI

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New construction Dollar General with long-term NNN lease.

Type:RETAIL
Property size:
10,566 SF
Lot size:
18.64 Acres
Price / SF:
$198/SF
Added:
Oct 7, 2025
Days on Market:
279
Last Refresh:
May 20 at 9:26 pm

Property Features for 788 Main St

General Information

Standard status
Active
Size
10,566 SF
Lot size
18.64 Acres
Property subtype
RETAIL

Listing office NAI Pfefferle

Listing date Oct 7, 2025

Source Moodyscre

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 NAI Pfefferle


Investment Insights

Based on property information with market context.

The Dollar General property located at 788 Main Street in Allenton, WI, presents an investment opportunity. Constructed in 2025, the property features a 15-year NNN (Triple Net) lease, under which the tenant, Dollar General, is responsible for property taxes, insurance, and maintenance. Dollar General is described as a well-established and profitable retail chain. The property has a cap rate of 6.9% and a net operating income (NOI) of $144,900. Situated on a 1.7-acre lot, the property includes parking and frontage, intended to make it accessible for customers. The building size is 10566 square feet.

Key Highlights

  • 15‑Year NNN Lease: Enjoy long‑term, stable income with minimal landlord responsibilities.
  • Attractive Financials: Features a 6.9% cap rate and a $144,900 net operating income (NOI).
  • Stable Tenant: Dollar General is a well‑established and profitable retail chain, ensuring reliable income.

Local Financial Insights For 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 $190.2k $18.00
− Vacancy −$6.8k −$0.65
EGI $183.3k $17.35
− OpEx −$55.0k −$5.21
NOI $128.3k $12.15
10,566 SF · lease $18.00/SF/yr · vacancy 3.60% · expense 30.00%

Alternative Uses

Best Use
Retail
$1.83M
$1.60M – $2.14M (±1% cap)
NOI $128,339 @ 7.0% cap · market cap 6.11%
Second Best
Specialty Retail
$1.64M
$1.43M – $1.91M (±1% cap)
NOI $114,588 @ 7.0% cap · market cap 5.46%
Theoretical Best
Office A
$2.90M
$2.54M – $3.39M (±1% cap)
NOI $203,333 @ 7.0% cap · market cap 9.68%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Grocery and convenience stores

Suggested Use

Real Estate Agency Grocery & Convenience Store Furniture & Home Goods Dental Office Pet Grooming Service Auto Repair Shop Spa & Massage Center Tattoo & Piercing Shop Parking Lot & Garage Accounting Firm

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Grocery and convenience store - New construction Dollar General with long-term NNN lease.
Where is this grocery and convenience store located?
The property is located at 788 Main St Allenton, WI.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: 15‑Year NNN Lease: Enjoy long‑term, stable income with minimal landlord responsibilities.; Attractive Financials: Features a 6.9% cap rate and a $144,900 net operating income (NOI).; Stable Tenant: Dollar General is a well‑established and profitable retail chain, ensuring reliable income.
Contact an agent
(920) 560-5009 Call to check price and availability
More about this property
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