416 1St St Glenwood City, WI 54013
- Grocery and convenience stores
- 9,100 SF
- 1.00 lot acres
Current Use by Public Records
- M & M Bar / Bar
- Family Dollar / Discount Store / Discount Supermarket
Property Details for 416 1St St
- Year built
- 2019
- Lot size
- 1.00 lot acres
- Property size
- 9,100 SF
- Property type
- Grocery and convenience stores
Description
This exceptional investment opportunity presents a fee-simple ownership of a 9,100-square-foot Family Dollar store in Glenwood City, Wisconsin. Located at 416 1st St, 54013, this Class A retail property boasts a 7.50% cap rate and a strong NOI of $75,000. The property features a single-tenant, net lease with a credit-rated Family Dollar as the tenant, ensuring consistent income. The current lease, commenced September 29, 2019, has a remaining term of approximately 4.9 years, extending to September 29, 2029, with rent bumps included in the options. The building, constructed in 2019, sits on a one-acre lot and includes 33 parking spaces. This strategically located property benefits from its position as the only discount store in Glenwood City and within an 8-mile radius, serving a population exceeding 3,400 within a 5-mile radius, with an average household income over $77,000. The property enjoys high visibility, situated near the intersection of 1st and Oak Streets, with combined daily traffic exceeding 3,400 vehicles. The corporate guarantee from Family Dollar, a national retailer with over 8,200 locations, provides significant investment security. The asking price is $1,000,000, translating to $109.89 per square foot. This is a passive income opportunity with limited landlord responsibilities, offering a compelling return on investment.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Glenwood City
- County
- St. Croix
- State
- Wisconsin
- Longitude
- -92.172843
- Latitude
- 45.058019
