Current Use by Public Records
- Retail properties & Spaces
Property Details for 0 9Th Ave
- Year built
- 2024
- Lot size
- 2.86 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Retail space
Description
This exceptional investment opportunity presents a fee-simple ownership of a brand-new, 12,480-square-foot Dollar General store in Brodhead, Wisconsin. Built in 2024, this single-story building sits on a 2.86-acre lot in a commercial zone and enjoys a prime location on a signalized corner with 7,755 cars passing daily. The property boasts a 15.1-year absolute triple-net (NNN) lease, commencing January 14, 2024, and expiring January 31, 2039, with a remaining term of 14.2 years. The lease includes five 5-year renewal options, each with a 5% rent increase. The tenant, Dollar General, is credit-rated and provides a corporate guarantee, ensuring consistent income. The current annual net operating income (NOI) is $130,216, resulting in a 6.75% capitalization rate at the asking price of $1,929,125 ($154.58 per square foot). The strong demographics, with a three-mile average household income of $70,800 and a ten-mile population of 14,266, further solidify this investment's potential. This property is ideal for 1031 exchange buyers or passive investors seeking a secure, high-return investment with minimal landlord responsibilities. The property's success is underpinned by Dollar General's financial strength and market dominance as a leading small-box retailer.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Brodhead
- County
- Green
- State
- Wisconsin
- Longitude
- -89.367
- Latitude
- 42.6186
