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Discount

Dollar General

614 N Cincinnati St, Albany, WI 53502

Listing Price: $1,180,000

Cap Rate
6.25%
Tenant Name
Dollar General
Years Remaining On Lease
7.7
Gross SF
9,100
Guarantor
Corporate Guarantee
Rentable SF
9,100
Price/Gross SF
$129.67
Lease Type
Absolute Net
Rent Per Square Feet
$8.13

Investment Overview

Marcus & Millichap is pleased to offer for sale the fee simple interest in 614 North Cincinnati Street (the Property), a 9,100-square-foot building in which Dollar General has eight years remaining on their long-term, absolute net lease. The corporately guaranteed lease also has four, five-year renewal options at the end of the firm lease term, with 10% rental increases in each option to offset inflation. The Property sits on a large 1.07-acre lot and is strategically located off of State Highway 59, a state highway that runs east-west in the southeastern part of Wisconsin from the cities of Milwaukee to Monroe. Directly northwest of the Property is the Albany Wildlife Area, a wildlife refuge consisting of over 2,000 acres of land that many Wisconsin residents use for hunting, fishing, trapping, hiking, cross-country skiing and other nature-based activities.

Investment Highlights

  • Absolute Triple Net Lease – Zero Landlord Responsibilities
  • Eight Years of Firm Term Remaining on Original 15 Year Lease & Numerous Renewal Options
  • 10% Rental Increases in Each Renewal Option to Offset Inflation
  • Corporately Guaranteed Lease – Strong Credit Tenant
  • Below-Market Rents - $8.13 Rent Per Square Foot

Exclusively Listed By

Broker of Record

  • Todd Lindblom

    First Vice President/Regional Manager

    (262) 364-1900

    License(s) WI: 56163-90

    Wisconsin

Discount

Dollar General

Listing Price: $1,180,000

Cap Rate
6.25%
Tenant Name
Dollar General
Years Remaining On Lease
7.7
Gross SF
9,100
Guarantor
Corporate Guarantee
Rentable SF
9,100
Price/Gross SF
$129.67
Lease Type
Absolute Net
Rent Per Square Feet
$8.13

Investment Highlights

  • Absolute Triple Net Lease – Zero Landlord Responsibilities
  • Eight Years of Firm Term Remaining on Original 15 Year Lease & Numerous Renewal Options
  • 10% Rental Increases in Each Renewal Option to Offset Inflation
  • Corporately Guaranteed Lease – Strong Credit Tenant
  • Below-Market Rents - $8.13 Rent Per Square Foot

Investment Overview

Marcus & Millichap is pleased to offer for sale the fee simple interest in 614 North Cincinnati Street (the Property), a 9,100-square-foot building in which Dollar General has eight years remaining on their long-term, absolute net lease. The corporately guaranteed lease also has four, five-year renewal options at the end of the firm lease term, with 10% rental increases in each option to offset inflation. The Property sits on a large 1.07-acre lot and is strategically located off of State Highway 59, a state highway that runs east-west in the southeastern part of Wisconsin from the cities of Milwaukee to Monroe. Directly northwest of the Property is the Albany Wildlife Area, a wildlife refuge consisting of over 2,000 acres of land that many Wisconsin residents use for hunting, fishing, trapping, hiking, cross-country skiing and other nature-based activities.

Exclusively Listed By

Broker of Record

  • Todd Lindblom

    First Vice President/Regional Manager

    (262) 364-1900

    License(s): WI: 56163-90

    Wisconsin

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