710 Arthur Ave Bruce, WI 54819-9452
- Commercial real estate
- 1.27 lot acres
Current Use by Public Records
- Dollar General / Dollar Store / Beauty Supply Store
- FedEx OnSite / Mailing Service
Property Details for 710 Arthur Ave
- Lot size
- 1.27 lot acres
- Property type
- Commercial real estate
- APN
- 106-00522-0000
- APU
- 106005220000
Description
This exceptional investment opportunity presents a fee-simple interest in a recently constructed (2019) Dollar General store located in Bruce, Wisconsin. The 7,489 square foot building sits on a 1.37-acre lot with ample parking (30 spaces) and boasts excellent visibility at the intersection of Highways 40 and 8. The property benefits from a long-term, corporate-guaranteed Net Lease (NNN) with Dollar General, offering a remaining lease term of 10.1 years (expiring 12/31/2034). The lease includes four, five-year renewal options with a 10% rent increase every five years, providing significant long-term income growth potential. The property currently generates a Net Operating Income (NOI) of $73,344, representing a 5.75% capitalization rate based on the asking price of $1,275,550 ($170.32 per square foot). This single-tenant, 100% occupied property offers a secure and attractive investment opportunity with a strong national tenant and a proven track record. The property's strategic location and long-term lease make it an ideal addition to any diversified real estate portfolio. The address is 710 W Arthur Ave, Bruce, WI 54819.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,820,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,875,000
- 6.5%
- $2,710,000
- 7%
- $2,675,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,490,000
- Geo Method
- $3,020,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,470,000
- Retail
- $2,985,000
- Mixed-Use
- $2,805,000
- Hospitality
- $2,455,000
- Educational
- $2,235,000
- Residential Income
- $2,760,000
- Energy
- $2,430,000
- Income-Based Land
- $2,775,000
- Food Service
- $2,700,000
Location Insight
- Map
- Local Demand
- City
- Bruce
- County
- Rusk
- State
- Wisconsin
- Longitude
- -91.2815
- Latitude
- 45.4551