208 Pacific St, Spencer, WI 54479
- Commercial real estate
- 1.09 lot acres
Current Use by Public Records
- Dollar General / Discount Store
- FedEx OnSite / Postal Service / Courier Service
- Western Union / Bank / Credit Union
- Redbox / Cinema / (Bike/Boat/Book/etc) Store
Property Details for 208 Pacific St
- Lot size
- 1.09 lot acres
- Property type
- Commercial real estate
- APN
- 181-2602-082-1107
- APU
- 18126020821107
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Apr 28, 2025 | $548,000 | Acs Oak Investments LLC | Ejt Dg One LLC | Warranty Deed | — |
| Jul 19, 2022 | — | Ejt Dg One LLC | — | Deed · related | $393k · First Us Bank |
| Jun 28, 2021 | — | Ejt Dg One LLC | Clout Shares LLC | Quit Claim Deed · related | — |
| Aug 13, 2019 | $1,965 | Clout Shares LLC | Leno Realty Co LLC | Warranty Deed · related | — |
| Nov 21, 2008 | — | Leno Realty Co LLC | Leno,manuel D & Esther | Quit Claim Deed | — |
| May 1, 2006 | $30,000 | Brbnda A Jensen | Djd Associates | Warranty Deed | — |
Description
This exceptional investment opportunity presents a recently renovated (2023) Dollar General store in Spencer, Wisconsin. Located at 208 S Pacific St, this 9,014 square foot property sits on a 2-acre lot and boasts a strong 9.00% cap rate, generating a net operating income (NOI) of $55,620. The property features a corporate-guaranteed, Net Net (NN) lease with Dollar General, a credit-rated tenant with a significant market presence. The lease commenced June 13, 2006, and expires November 30, 2026, with five, 5-year options remaining, each including a 10% rent increase. The property benefits from a high average household income ($95,678) within a 5-mile radius and a lack of competing discount retailers. This is a single-tenant, 100% occupied retail building constructed in 2006, offering a secure and profitable investment with a low price point of $618,000. The property's strong tenant, favorable lease terms, and prime location make it an attractive addition to any portfolio. The location is in Marathon County, Wisconsin, zip code 54479.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Spencer
- County
- Marathon
- State
- Wisconsin
- Longitude
- -90.2942
- Latitude
- 44.7559
- CBSA code
- 48140
- CBSA name
- WAUSAU-WESTON, WI METROPOLITAN STATISTICAL AREA
