Investment Overview

Marcus & Millichap is pleased to present a Dollar General store in the City of Waupaca, Waupaca County, Wisconsin. The property comprises a 1-acre corner parcel improved with a 7,545 square foot building. It was completed in 2019. It is located at the southwest corner of Churchill Street and Royalton Street. The property is approximately half a mile north of a full interchange with U.S. Highway 10 (which runs east-west across the central part of the state). This store represents the second Dollar General in the city. The developer stated that the first Dollar General was doing so well that they wanted a second store. The developer located the site, corporate viewed it and really liked the location. They told the developer to build a second location. The property is in the heart of residential neighborhoods which makes it extremely convenient for residents. The original lease expires January 31, 2034 (10 years, 10 months as of March 1, 2023). The Tenant has (4) 5-year options to extend with a 10% rent increase each rental period (the Tenant must provide a minimum of 180 day written notice to exercise each option). The City of Waupaca is located in Central Western Wisconsin. It is approximately 42 miles west/northwest of Appleton and Oshkosh. It is about 28 miles east/southeast of Stevens Point. The population is approximately 6,200 residents.