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Dollar General

710 Elm St, Boscobel, WI 53805

Listing Price: $710,000

Cap Rate
8.50%
Tenant Name
Dollar General
Years Remaining On Lease
5.1
Gross SF
9,014
Guarantor
Corporate Guarantee
Rentable SF
9,014
Price/Gross SF
$78.77
Lease Type
Double Net
Rent Per Square Feet
$6.69

Investment Overview

Marcus & Millichap is pleased to offer for sale a fee simple interest in a 9,014-square-foot building located at 710 Elm St., Boscobel, WI 53805 (the Property), in which Dollar General has just over five years remaining on their exercised lease option. The lease also features three, five-year renewal options, with 10 percent increases at the beginning of each option to offset inflation. The Property sits on a 0.71-acre parcel with a concrete parking lot and is strategically located in southwest Wisconsin, a little west of Madison, on U.S. Route 61, a major north-south route running from Minnesota through Louisiana. Neighbors include a BP fuel station and c-store, Subway, A&W Restaurant, Kwik Trip fuel station and c-store, Edward Jones, Piggly Wiggly, Emplify Health Boscobel Area Hospital, Family Dollar | Dollar Tree combo store, Bumper to Bumper, Casey’s, and NAPA Auto Parts.

Investment Highlights

  • Double Net Lease – Minimal Landlord Responsibilities
  • Recently Remodeled Interior of the Store
  • Tenant Recently Exercised First, Five-Year Renewal Option
  • 5.1 Years Remaining on First Renewal Option With Three Renewal Options Remaining
  • 10% Rental Increases in Each Renewal Option to Offset Inflation
  • Low Rent per Square Foot — Under $7 PSF
  • 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: $710,000

Cap Rate
8.50%
Tenant Name
Dollar General
Years Remaining On Lease
5.1
Gross SF
9,014
Guarantor
Corporate Guarantee
Rentable SF
9,014
Price/Gross SF
$78.77
Lease Type
Double Net
Rent Per Square Feet
$6.69

Investment Highlights

  • Double Net Lease – Minimal Landlord Responsibilities
  • Recently Remodeled Interior of the Store
  • Tenant Recently Exercised First, Five-Year Renewal Option
  • 5.1 Years Remaining on First Renewal Option With Three Renewal Options Remaining
  • 10% Rental Increases in Each Renewal Option to Offset Inflation
  • Low Rent per Square Foot — Under $7 PSF
  • Strong Credit Tenant

Investment Overview

Marcus & Millichap is pleased to offer for sale a fee simple interest in a 9,014-square-foot building located at 710 Elm St., Boscobel, WI 53805 (the Property), in which Dollar General has just over five years remaining on their exercised lease option. The lease also features three, five-year renewal options, with 10 percent increases at the beginning of each option to offset inflation. The Property sits on a 0.71-acre parcel with a concrete parking lot and is strategically located in southwest Wisconsin, a little west of Madison, on U.S. Route 61, a major north-south route running from Minnesota through Louisiana. Neighbors include a BP fuel station and c-store, Subway, A&W Restaurant, Kwik Trip fuel station and c-store, Edward Jones, Piggly Wiggly, Emplify Health Boscobel Area Hospital, Family Dollar | Dollar Tree combo store, Bumper to Bumper, Casey’s, and NAPA Auto Parts.

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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