18770 141 Pembine, WI 54156
- Retail properties
- 7,500 SF
- 1.66 lot acres
Current Use by Public Records
- Isalis / Boutique / Women'S Clothing Store
- Party City / Candy Store / Costume Store
- Skunk Funk / Wholesaler / Clothing Store
- Carl's Trading Co / Hat Shop
- Bushka's Kitchen LLC / Outdoor Clothing And Equipment Shop
Property Details for 18770 141
- Year built
- 2018
- Lot size
- 1.66 lot acres
- Property size
- 7,500 SF
- Property type
- Retail properties
- Property subtype
- Grocery and convenience stores
Description
This exceptional investment opportunity presents a 7,500 square foot, free-standing retail building in Pembine, Wisconsin. The property is 100% occupied by a Dollar General store with an integrated FedEx OnSite location, secured by a corporate guarantee. The building, constructed in 2018, sits on a 1.66-acre lot along heavily trafficked US-141, boasting high visibility and accessibility. The Net Lease (NNN) structure offers zero landlord responsibilities, with a current Net Operating Income (NOI) of $76,272 and a 6.80% cap rate. The asking price is $1,121,647. The lease includes four (with options for five) five-year renewal options, each with a 10% rent increase. The property benefits from a strong demographic profile, including a household income exceeding $72,000 within a three-mile radius and over 5,000 vehicles passing daily on US-141. This investment is ranked in the 70th percentile of Dollar General stores statewide, indicating strong performance and potential for future growth. This is a single-tenant property offering a stable and attractive return on investment.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Pembine
- County
- Marinette
- State
- Wisconsin
- Longitude
- -87.9843
- Latitude
- 45.6353
