115 Monroe St Augusta, WI 54722-9138

Property Details for 115 Monroe St

Lot size

0.30 lot acres

Zone code

R1

Property type

Commercial real estate

APN

18202-2-250605-120-2028

APU

1820222506051202028

Description

This exceptional investment opportunity presents a 8,359 square foot Family Dollar store in Augusta, WI, built in 2014 on a 0.787-acre lot. The property boasts a strong Net Lease (NNN) structure with no landlord responsibilities, offering a secure and passive income stream. The lease, commencing July 1, 2014, and expiring June 30, 2029, has a remaining term of approximately 4.6 years, with six/five-year renewal options including a built-in 10% rent increase every five years. The tenant, Family Dollar Stores, LLC, a subsidiary of Dollar Tree, Inc., holds a BBB S&P credit rating, providing a corporate guarantee. The property enjoys 100% occupancy and generates a substantial Net Operating Income (NOI) of $89,686, resulting in an attractive 8.25% cap rate. The asking price is $1,087,104, translating to $130.05 per square foot. A recent interior renovation in 2021 further underscores the tenant's long-term commitment. Benefiting from a high-traffic location with an average daily traffic count of 5,200 vehicles in the immediate vicinity and a lack of national competition within a 10+ mile radius, this property represents a compelling investment with significant upside potential.

Location Insight

City

Augusta

County

Eau Claire

State

Wisconsin

Longitude

-91.1338

Latitude

44.6831

CBSA code

20740

CBSA name

EAU CLAIRE, WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments