202 Elm Dr Loyal, WI 54446
- Commercial real estate
- 1.55 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 202 Elm Dr
- Lot size
- 1.55 lot acres
- Property type
- Commercial real estate
- APN
- 246.0610.000
- APU
- 2460610000
Description
This exceptional investment opportunity presents a 9,100 square foot, single-story Dollar General convenience store with an on-site FedEx location. Built in 2017, the property sits on a 1.55-acre lot at 202 East Elm Drive in Loyal, Wisconsin (zip code 54446), a high-traffic area boasting over 3,000 vehicles daily. The property benefits from a triple-net (NNN) lease, eliminating landlord responsibilities. The tenant, Dollar General, is backed by a corporate guarantee, ensuring consistent income. The current lease features four (with five-year options) remaining lease terms, with a 10% rent bump in each option. The property boasts a 6.80% cap rate and a strong net operating income (NOI) of $79,824, representing a 100% occupancy rate. The average household income within a 5-mile radius exceeds $88,000, indicating a robust consumer base. This Dollar General store is ranked in the 80th percentile of all Dollar General stores statewide, demonstrating its strong performance. The property is offered at an asking price of $1,173,882 and can be purchased individually or as part of a larger portfolio. This presents a compelling investment opportunity for those seeking a stable, high-performing retail asset in a desirable location. The property's modern design and prime location make it an attractive investment for long-term growth and passive income generation.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Loyal
- County
- Clark
- State
- Wisconsin
- Longitude
- -90.4947
- Latitude
- 44.7417