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    131 Howard Ln Oconto, WI 54153

    For Sale
    $990,000

    8,550 SF Net Lease Investment

    Property size:
    8,550 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional investment opportunity presents a fee-simple ownership of an 8,550-square-foot Dollar Tree store in Oconto, Wisconsin. Built in 2020, this Class A property boasts a 100% occupancy rate with a corporate-guaranteed NNN lease, minimizing landlord responsibilities to roof and structure. The lease features four, five-year options with a $0.50/SF rent increase in options two, three, and four. The current lease term expires March 30, 2027, leaving 2.4 years remaining. The property generates a strong NOI of $81,060, resulting in an attractive 8.19% cap rate. Situated on a 1.03-acre lot with 30 parking spaces, this strategically located retail space benefits from high visibility on Howard Ln, near major retailers like McDonald's, Kwik Trip, and O'Reilly Auto Parts. The property is zoned commercial and enjoys a prime location within Oconto County, a strong economic area with close proximity to Green Bay. This is an ideal investment for a 1031 exchange or passive investor seeking a stable, high-performing asset backed by a nationally recognized, investment-grade tenant (Dollar Tree Inc.). The property's strong performance throughout the COVID-19 pandemic further underscores its resilience and potential for continued success. The asking price is $990,000, translating to $115.79 per square foot.

    Property Features for 131 Howard Ln

    General Information

    Property type
    Individual retail properties
    Square Feet
    8,550 SF
    Class
    A
    Lot Size
    44,867 SF

    Building Details

    Year Built
    2020
    Buildings
    1
    Stories
    1
    Units
    1
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Grocery and convenience stores

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Oconto
    County
    Oconto
    State
    Wisconsin
    Longitude
    -87.88602878985
    Latitude
    44.892684700121

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    FAQs

    What type of property is this?
    Individual retail property - 8,550 SF Net Lease Investment
    Where is this individual retail property located?
    The property is located at 131 Howard Ln Oconto, WI.
    What is the asking price?
    The asking price for this property is $990,000.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    131 Howard Ln Oconto, WI 54153
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