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Discount

Dollar General

928 240th St, Osceola, WI 54020

Listing Price: $1,152,000

Cap Rate
6.25%
Tenant Name
Dollar General
Years Remaining On Lease
7.7
Gross SF
9,026
Guarantor
Corporate Guarantee
Rentable SF
9,026
Price/Gross SF
$127.63
Lease Type
Absolute Net
Rent Per Square Feet
$7.97

Investment Overview

Marcus & Millichap is pleased to offer for sale the fee simple interest in 928 240th Street (the Property), a 9,026-square-foot building in which Dollar General has eight years remaining on their original 15-year absolute triple net lease. The corporately guaranteed lease also features four, five-year renewal options, with 10% increases at the beginning of each option to offset inflation. The Property sits on a large 1.37-acre lot and is strategically located on State Highway 35, a major north-south route running through westernmost Wisconsin. Nearby retail includes Domino’s Pizza, Snap Fitness, Midwest Machinery Co., Carquest Auto Parts, among others. Located approximately 50 miles northeast of Minneapolis, MN, the Property is sits just east of the Minnesota-Wisconsin border, separated by the historic St. Croix River.

Investment Highlights

  • Absolute Triple Net Lease — Zero Landlord Responsibilities
  • Eight Years of Firm Term Remaining on Original 15 Year Lease and Numerous Renewal Options
  • 10% Rental Increases in Each Renewal Option to Offset Inflation
  • Large 1.37-Acre Lot — Strategically Located on State Highway 35
  • Corporately Guaranteed Lease — Strong Credit Tenant

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: $1,152,000

Cap Rate
6.25%
Tenant Name
Dollar General
Years Remaining On Lease
7.7
Gross SF
9,026
Guarantor
Corporate Guarantee
Rentable SF
9,026
Price/Gross SF
$127.63
Lease Type
Absolute Net
Rent Per Square Feet
$7.97

Investment Highlights

  • Absolute Triple Net Lease — Zero Landlord Responsibilities
  • Eight Years of Firm Term Remaining on Original 15 Year Lease and Numerous Renewal Options
  • 10% Rental Increases in Each Renewal Option to Offset Inflation
  • Large 1.37-Acre Lot — Strategically Located on State Highway 35
  • Corporately Guaranteed Lease — Strong Credit Tenant

Investment Overview

Marcus & Millichap is pleased to offer for sale the fee simple interest in 928 240th Street (the Property), a 9,026-square-foot building in which Dollar General has eight years remaining on their original 15-year absolute triple net lease. The corporately guaranteed lease also features four, five-year renewal options, with 10% increases at the beginning of each option to offset inflation. The Property sits on a large 1.37-acre lot and is strategically located on State Highway 35, a major north-south route running through westernmost Wisconsin. Nearby retail includes Domino’s Pizza, Snap Fitness, Midwest Machinery Co., Carquest Auto Parts, among others. Located approximately 50 miles northeast of Minneapolis, MN, the Property is sits just east of the Minnesota-Wisconsin border, separated by the historic St. Croix River.

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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