108 Ann St Weyauwega, WI 54983-8534

Property Details for 108 Ann St

Lot size

0.16 lot acres

Property type

Commercial land

APN

35 04 81 29

APU

35048129

Description

This exceptional investment opportunity presents a brand-new, 10,659-square-foot Dollar General Market in Weyauwega, Wisconsin. Located at 108 Ann St, this single-tenant, fee-simple property boasts a 10-year net lease commencing January 1, 2025, with four 5-year options, each including a 10% rent increase. The property benefits from a corporate guarantee by Dollar General (S&P: BBB, NYSE: DG), minimizing landlord responsibilities. The building, a 2024 construction, is a renovated former IGA, serving as the only dollar store and grocery store within an 8-mile radius, catering to a population of over 53,653 within a 5-mile radius, with an average household income exceeding $84,000. The strategic location offers convenient access to US-10, a major arterial highway. The property's strong demographics, projected population growth of 1.4% and median household income growth of 17.4% over the next five years, further enhance its investment appeal. The asking price is $1,616,041, representing a 7.75% cap rate and a price per square foot of $151.61. The 1.1-acre lot is zoned commercial. This is a rare opportunity to acquire a high-performing, low-maintenance investment property with significant long-term growth potential. The property's NOI is $125,243.