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Dollar General Market | New 10-Yr Lease | Limited Competition

108 Ann St, Weyauwega, WI 54983

Listing Price: $1,616,041

Cap Rate
7.75%
Tenant Name
Dollar General
Years Remaining On Lease
10.3
Gross SF
10,659
Guarantor
Corporate Guarantee
Rentable SF
10,659
Price/Gross SF
$151.61
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$11.75

Investment Overview

Marcus & Millichap is pleased to present this brand new Dollar General Market located at 108 E Ann Street in Weyauwega, Wisconsin. The 10,659-square-foot building is undergoing a renovation of the existing structure, and is expected to be delivered in December 2024, with a 10-year lease commencing in January 2025. The corporately guaranteed triple-net lease offers limited landlord responsibilities, and features four five-year renewal options, each containing a 10 percent rent increase.

Dollar General Corporation (NYSE: DG) is proud to serve as America’s neighborhood general store. Founded in 1939, Dollar General lives its mission of serving others every day by providing access to affordable products and services for its customers, career opportunities for its employees, and literacy and education support for its hometown communities. There are over 20,000 Dollar General, DG Market, DGX, and pOpshelf stores across the United States, along with Mi Súper Dollar General stores in Mexico.

The subject property is well-positioned on E Ann Street at the corner of N Mill Street (5,600 VPD), with quick and easy access to US-10 (19,500 VPD). US-10 is an arterial highway that runs east-to-west across the entire state of Wisconsin. This Dollar General Market will benefit from its ability to serve local residents and visitors as Weyauwega’s only dollar store and grocery store. There are two dollar stores within eight miles of the property, and the nearest grocery store is 10 miles away.

Weyauwega is a city located in Waupaca County, Wisconsin. This rural community is nestled in the heart of Central Wisconsin River Country, built around the 250-acre Lake Weyauwega, making it a popular destination for outdoor enthusiasts. The city is near the Chain O’ Lakes, a series of interconnected lakes that offer excellent opportunities for fishing, boating, and other water-based activities. Established in the mid-19th century as a trading hub, the city’s downtown area retains much of its historical charm, with well-preserved buildings and local businesses that contribute to its unique character. Weyauwega is served by the Weyauwega-Fremont School District, which has an enrollment of approximately 963 students.

There are over 53,653 residents with an average household income exceeding $84,000 within five miles of this asset. The area’s population is expected to grow by 1.4 percent over the next five years, and the median household income is projected to increase by 17.4 percent.

Investment Highlights

  • Brand New Dollar General Market | Renovation of Existing Structure (Former IGA)
  • 10-Year Lease | Lease to Commence January 2025 | (4) 5-Year Options with 10% Rent Increases
  • Triple-Net Lease Structure | Limited Landlord Responsibilities
  • Dollar General Market Offers a Wide Range of Products, Including Fresh Produce, Meat, Dairy , & Pantry Items, Household Essentials, Personal Care Items, & More
  • Strategic Location: the Only Dollar Store & Grocery Store to Serve Local Residents & Visitors in Weyauwega
  • Limited Competition in the Marketplace | Nearest Dollar Store: 8 Miles Away | Nearest Grocery Store: 10 Miles Away
  • Quick Access to US-10 (19,500 VPD) | Arterial Highway Connecting to Eastern & Western Borders of Wisconsin
  • Population Expected to Grow by 1.4% & Median Household Income Projected to Grow by 17.4% Over the Next 5 Years

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 Market | New 10-Yr Lease | Limited Competition

Listing Price: $1,616,041

Cap Rate
7.75%
Tenant Name
Dollar General
Years Remaining On Lease
10.3
Gross SF
10,659
Guarantor
Corporate Guarantee
Rentable SF
10,659
Price/Gross SF
$151.61
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$11.75

Investment Highlights

  • Brand New Dollar General Market | Renovation of Existing Structure (Former IGA)
  • 10-Year Lease | Lease to Commence January 2025 | (4) 5-Year Options with 10% Rent Increases
  • Triple-Net Lease Structure | Limited Landlord Responsibilities
  • Dollar General Market Offers a Wide Range of Products, Including Fresh Produce, Meat, Dairy , & Pantry Items, Household Essentials, Personal Care Items, & More
  • Strategic Location: the Only Dollar Store & Grocery Store to Serve Local Residents & Visitors in Weyauwega
  • Limited Competition in the Marketplace | Nearest Dollar Store: 8 Miles Away | Nearest Grocery Store: 10 Miles Away
  • Quick Access to US-10 (19,500 VPD) | Arterial Highway Connecting to Eastern & Western Borders of Wisconsin
  • Population Expected to Grow by 1.4% & Median Household Income Projected to Grow by 17.4% Over the Next 5 Years

Investment Overview

Marcus & Millichap is pleased to present this brand new Dollar General Market located at 108 E Ann Street in Weyauwega, Wisconsin. The 10,659-square-foot building is undergoing a renovation of the existing structure, and is expected to be delivered in December 2024, with a 10-year lease commencing in January 2025. The corporately guaranteed triple-net lease offers limited landlord responsibilities, and features four five-year renewal options, each containing a 10 percent rent increase. Dollar General Corporation (NYSE: DG) is proud to serve as America’s neighborhood general store. Founded in 1939, Dollar General lives its mission of serving others every day by providing access to affordable products and services for its customers, career opportunities for its employees, and literacy and education support for its hometown communities. There are over 20,000 Dollar General, DG Market, DGX, and pOpshelf stores across the United States, along with Mi Súper Dollar General stores in Mexico. The subject property is well-positioned on E Ann Street at the corner of N Mill Street (5,600 VPD), with quick and easy access to US-10 (19,500 VPD). US-10 is an arterial highway that runs east-to-west across the entire state of Wisconsin. This Dollar General Market will benefit from its ability to serve local residents and visitors as Weyauwega’s only dollar store and grocery store. There are two dollar stores within eight miles of the property, and the nearest grocery store is 10 miles away. Weyauwega is a city located in Waupaca County, Wisconsin. This rural community is nestled in the heart of Central Wisconsin River Country, built around the 250-acre Lake Weyauwega, making it a popular destination for outdoor enthusiasts. The city is near the Chain O’ Lakes, a series of interconnected lakes that offer excellent opportunities for fishing, boating, and other water-based activities. Established in the mid-19th century as a trading hub, the city’s downtown area retains much of its historical charm, with well-preserved buildings and local businesses that contribute to its unique character. Weyauwega is served by the Weyauwega-Fremont School District, which has an enrollment of approximately 963 students. There are over 53,653 residents with an average household income exceeding $84,000 within five miles of this asset. The area’s population is expected to grow by 1.4 percent over the next five years, and the median household income is projected to increase by 17.4 percent.

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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