333 Prospect Ave North Fond Du Lac, WI 54937-1466

Property Details for 333 Prospect Ave

Year built

2004

Construction

STEEL FRAME

Lot size

1.27 lot acres

Property size

9,020 SF

Property type

Commercial real estate

APN

V05-15-17-04-07-002-00

APU

V051517040700200

Description

This exceptional investment opportunity features a 9,014 square foot Dollar General store situated on a 1.27-acre lot in North Fond du Lac, Wisconsin. The property boasts a strong 8.00% cap rate and a substantial Net Lease (NN+) with a credit-rated corporate guarantor. The current lease, commenced November 1, 2004, has a remaining term of approximately 5.9 years, extending to October 31, 2030. The lease includes 10% rent bumps in each option period. The asking price is $760,813, translating to $84.40 per square foot. Built in 2004, this location benefits from a recently redone parking lot and enjoys high visibility on Prospect Avenue, a road with over 7,500 vehicles per day. The property's strategic location is proximate to major retailers including Walmart, Target, and numerous restaurants and services, and is conveniently located near I-41, a freeway with 47,000 vehicles daily. The property is also adjacent to a 293-unit manufactured home community and a newly constructed 62-unit apartment complex. The strong tenant history, coupled with the favorable lease terms and prime location, makes this a compelling investment opportunity with significant long-term potential. The property's Net Operating Income (NOI) is $60,865. Fond du Lac's robust economy, anchored by Mercury Marine and its supporting industries, further enhances the investment's attractiveness.

Location Insight

City

North Fond Du Lac

County

Fond Du Lac

State

Wisconsin

Longitude

-88.4798

Latitude

43.802

CBSA code

22540

CBSA name

FOND DU LAC, WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments