Building Details

Year Built 2026

Tenancy Single

Listing Agency: NAI Pfefferle

Listed By: Amy Pfefferle Oelhafen, President · License #WI94-49802

Source: Crexi

Added: Aug 10 Changed: Aug 21 Last Checked: Aug 23 at 8:56PM

Report an Issue

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.

This 10,640-square-foot retail property was built in 2026 and is leased to Dollar General Corporation under an absolute NNN structure. The agreement carries a 15-year initial term, includes renewal options, and provides for 5% rent increases beginning in year six. The lease is backed by a corporate guarantee from the tenant.

The property is located at N2745 Savanna Road in Fall River, Wisconsin. Its single-tenant configuration and net-lease framework align the asset with buyers seeking an investment tied to an established national retail operator.

Key Highlights

• 10,640‑square‑foot retail property completed in 2026
• Absolute NNN lease with a 15‑year term
• 5% rent increases begin in year six

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

$137,176

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

6.78%

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%

$2,743,520 $2.7M

Cap Rate 7%

$1,959,657 $2.0M

Cap Rate 9%

$1,524,178 $1.5M

Market Conditions

NOI Build-Up for 10,640 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

$191.5K $18.00/SF

− Vacancy

−$8.6K −$0.81/SF

EGI

$182.9K $17.19/SF

− OpEx

−$45.7K −$4.30/SF

NOI

$137.2K $12.89/SF

Area

Columbia County, WI

Vacancy

4.50%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

25.00%

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%

$2,743,520

Cap Rate 7%

$1,959,657

Cap Rate 9%

$1,524,178

Alternative Uses

Best Use

Specialty Retail

$1.96M

$1.71M – $2.29M (±1% cap)

NOI $137,176 @ 7.0% cap · market cap 6.78%

Second Best

Retail

$1.55M

$1.36M – $1.81M (±1% cap)

NOI $108,766 @ 7.0% cap · market cap 5.38%

Theoretical Best

Office A

$2.39M

$2.09M – $2.79M (±1% cap)

NOI $167,327 @ 7.0% cap · market cap 8.27%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

Grocery and convenience stores

Suggested Use

Top Pick Building Supply Grocery & Convenience Store Big Box & Wholesale Store Pet Grooming Service Tanning Salon Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Single-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

61

Businesses Nearby

3k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

Mobil Shops & Services

2,965 visits/mo 0.3 miles

Demographics for 53932, WI

2,716

Population

1,050

Households

2.6

Avg Household Size

38

Median Age

23%

College-Educated

91%

High-School Grad

38.0 sq mi

ZIP Area

71

Density / Sq Mi

$80,486

Median Household Income

$46,865

Median Earnings

$1,148

Median Rent

$277,400

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this nnn properties located? What is the asking price? Find similar properties ... What are key features of this property?

Ask Rey about this property ...

Frequently Asked Questions

What type of property is this?

NNN property - Corporate-guaranteed retail occupancy supports a hands-off net-lease structure.

Where is this nnn property located?

The property is located at N2745 Savanna Road Fall River, WI.

What is the asking price?

The asking price for this property is $2,023,350.

What are key features of this property?

This property features: 10,640‑square‑foot retail property completed in 2026; Absolute NNN lease with a 15‑year term; 5% rent increases begin in year six