Skip to main content

Discount

12,668 SF Dollar General | Madison MSA

106 9th St, Brodhead (Madison MSA), WI 53520

Listing Price: $1,973,000

Cap Rate
6.60%
Tenant Name
Dollar General
Years Remaining On Lease
14.0
Guarantor
Corporate Guarantee
Rentable SF
12,668
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$10.28

Investment Overview

14 YEAR CORPORATE NNN LEASE WITH RENT INCREASES IN INITIAL TERM
• This property features has 14 years remaining on a 15-year corporate guaranteed NNN lease with Dollar General with 5% rent increases every 5 years.
• Tenant is 100% responsible for all expenses including parking lot, taxes, insurance, roof and structure.
• There are 5% rent increases in each of the five, 5-year option periods.

NEW CONSTRUCTION 12,668 SF DOLLAR GENERAL
• 12,668 SF upgraded construction Dollar General located in Broadhead, WI.
• The subject property is open and rent commenced in January 2024.

MADISON MSA | 2ND MOST POPULOUS & FASTEST GROWING CITY IN WISCONSIN
• Brodhead is located in the Madison MSA which is the second largest and fastest growing city in Wisconsin.
• The Madison MSA has experienced significant employment growth, with a 3.8% increase above 2019 levels as of September 2024.
• The trade, transportation, and utilities sector is the largest in the MSAs, accounting for 17.5% of total employment in 2023. The education and health services sector follows closely, representing 16.8% of employment.
• The Madison MSA has the highest Per Capita Personal Income in Wisconsin, indicating a prosperous regional economy that benefits surrounding communities like Brodhead.
• The Madison, WI area is home to major companies including American Family Insurance Group ($17B in revenue), Exact Sciences ($10.44B market cap), CUNA Mutual Group ($5.2B in revenue), Alliant Energy ($4.2B in revenue), and Epic Systems (privately held, major healthcare software provider), showcasing its strong economic foundation and diverse industry presence.
• Madison, WI is home to University of Wisconsin–Madison (47,000+ students), Madison Area Technical College (approximately 30,000 students), and Edgewood College (2,000+ students).

BRODHEAD, WI
• Located on Wisconsin Highway 11 (5,500 VPD).
• Positioned near newer construction homes adjacent to the store averaging $320K in value.
• There are 2,542 households in a 5 mile radius.
• The 5 mile average household income is $75,054 which is superior to most rural Dollar General Locations.
• To major local manufacturers Kuhn (400 employees) and Stoughton (425 employees) operate near this store.

INVESTMENT GRADE TENANT (S&P: BBB) WITH 21,000 LOCATIONS
• Dollar General is a publicly traded (NYSE: DG) Fortune 500 company with an S&P investment grade credit rating of BBB.
• Currently over 21,000 locations and plans to open 750 stores in 2025.
• Dollar General has been in business for 80 years and has a current net worth of over $18.16B

Investment Highlights

  • 14 Year Corporate NNN Lease With Rent Increases In Initial Term
  • New Construction 12,668 SF Dollar General
  • Madison MSA | 2nd Most Populous & Fastest Growing City In Wisconsin
  • Brodhead, WI
  • Investment Grade Tenant (S&P:BBB) With 21,000 Locations

Exclusively Listed By

Broker of Record

  • Todd Lindblom

    First Vice President/Regional Manager

    (262) 364-1900

    License(s) WI: 56163-90

    Wisconsin

Financing By

Discount

12,668 SF Dollar General | Madison MSA

Listing Price: $1,973,000

Cap Rate
6.60%
Tenant Name
Dollar General
Years Remaining On Lease
14.0
Guarantor
Corporate Guarantee
Rentable SF
12,668
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$10.28

Investment Highlights

  • 14 Year Corporate NNN Lease With Rent Increases In Initial Term
  • New Construction 12,668 SF Dollar General
  • Madison MSA | 2nd Most Populous & Fastest Growing City In Wisconsin
  • Brodhead, WI
  • Investment Grade Tenant (S&P:BBB) With 21,000 Locations

Investment Overview

14 YEAR CORPORATE NNN LEASE WITH RENT INCREASES IN INITIAL TERM • This property features has 14 years remaining on a 15-year corporate guaranteed NNN lease with Dollar General with 5% rent increases every 5 years. • Tenant is 100% responsible for all expenses including parking lot, taxes, insurance, roof and structure. • There are 5% rent increases in each of the five, 5-year option periods. NEW CONSTRUCTION 12,668 SF DOLLAR GENERAL • 12,668 SF upgraded construction Dollar General located in Broadhead, WI. • The subject property is open and rent commenced in January 2024. MADISON MSA | 2ND MOST POPULOUS & FASTEST GROWING CITY IN WISCONSIN • Brodhead is located in the Madison MSA which is the second largest and fastest growing city in Wisconsin. • The Madison MSA has experienced significant employment growth, with a 3.8% increase above 2019 levels as of September 2024. • The trade, transportation, and utilities sector is the largest in the MSAs, accounting for 17.5% of total employment in 2023. The education and health services sector follows closely, representing 16.8% of employment. • The Madison MSA has the highest Per Capita Personal Income in Wisconsin, indicating a prosperous regional economy that benefits surrounding communities like Brodhead. • The Madison, WI area is home to major companies including American Family Insurance Group ($17B in revenue), Exact Sciences ($10.44B market cap), CUNA Mutual Group ($5.2B in revenue), Alliant Energy ($4.2B in revenue), and Epic Systems (privately held, major healthcare software provider), showcasing its strong economic foundation and diverse industry presence. • Madison, WI is home to University of Wisconsin–Madison (47,000+ students), Madison Area Technical College (approximately 30,000 students), and Edgewood College (2,000+ students). BRODHEAD, WI • Located on Wisconsin Highway 11 (5,500 VPD). • Positioned near newer construction homes adjacent to the store averaging $320K in value. • There are 2,542 households in a 5 mile radius. • The 5 mile average household income is $75,054 which is superior to most rural Dollar General Locations. • To major local manufacturers Kuhn (400 employees) and Stoughton (425 employees) operate near this store. INVESTMENT GRADE TENANT (S&P: BBB) WITH 21,000 LOCATIONS • Dollar General is a publicly traded (NYSE: DG) Fortune 500 company with an S&P investment grade credit rating of BBB. • Currently over 21,000 locations and plans to open 750 stores in 2025. • Dollar General has been in business for 80 years and has a current net worth of over $18.16B

Exclusively Listed By

Broker of Record

  • Todd Lindblom

    First Vice President/Regional Manager

    (262) 364-1900

    License(s): WI: 56163-90

    Wisconsin

Financing By

MM Texture Background
MM Textured Background Lower