Discount

Dollar General-Early Renewed Lease

Listing Price: $780,000

Cap Rate
6.63%
Tenant Name
Dollar General
Years Remaining On Lease
6.60
Gross SF
9,006
Guarantor
Corporate Guarantee
Rentable SF
9,006
Price/Gross SF
$86.61
Lease Type
Double Net
Rent Per Square Feet
$5.74

Investment Overview

Marcus & Millichap as exclusive agent is pleased to present a corporat-leased Dollar General located in Appleton Wisconsin. The subject property is a fee-simple condominium with 85 feet of frontage along West Wisconsin Avenue, a four-lane arterial road with heavy traffic counts. The tenant, has shown excellent commitment to the location with over 16 years of operations and recently exercised a 5-year over 2 years prior to expiration. Additionally, the rent per foot has been maintained signifcantly lower than market at only $5.74 per foot net. These factors along with the strength of the tenant create a stabile and reliable cashflowing investment property.

Investment Highlights

  • Dollar General Exercised 5 Yr Renewal Over 2 Years Early
  • Long Term Commitment To Location With History of Renewed Leases
  • Strong Local Retail Market
  • Below Market Rental Rate at $5.74 per Foot Net

Exclusively Listed By

Discount

Dollar General-Early Renewed Lease

Listing Price: $780,000

Cap Rate
6.63%
Tenant Name
Dollar General
Years Remaining On Lease
6.60
Gross SF
9,006
Guarantor
Corporate Guarantee
Rentable SF
9,006
Price/Gross SF
$86.61
Lease Type
Double Net
Rent Per Square Feet
$5.74

Investment Highlights

  • Dollar General Exercised 5 Yr Renewal Over 2 Years Early
  • Long Term Commitment To Location With History of Renewed Leases
  • Strong Local Retail Market
  • Below Market Rental Rate at $5.74 per Foot Net

Investment Overview

Marcus & Millichap as exclusive agent is pleased to present a corporat-leased Dollar General located in Appleton Wisconsin. The subject property is a fee-simple condominium with 85 feet of frontage along West Wisconsin Avenue, a four-lane arterial road with heavy traffic counts. The tenant, has shown excellent commitment to the location with over 16 years of operations and recently exercised a 5-year over 2 years prior to expiration. Additionally, the rent per foot has been maintained signifcantly lower than market at only $5.74 per foot net. These factors along with the strength of the tenant create a stabile and reliable cashflowing investment property.

Exclusively Listed By

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