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131 Howard Ln
Oconto, WI 54153
Retail Property For Sale

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INVESTMENT HIGHLIGHTS

  • Newer Construction - Newly constructed site built in 2020
  • Nationally Recognized Tenant - Dollar Tree is Ranked #131 on the Fortune 500 and Operates Over 15,772 Locations Across the Country
  • Minimal Landlord Responsibilities - Modified NNN lease, tenant reimburses for all expenses including CAM, Taxes, Insurance & Administration fees

EXECUTIVE SUMMARY

Trillium Commercial Realty is pleased to present this 8,550 SF Dollar Tree store located in Oconto, Wisconsin. The property is encumbered with a 7-year modified NNN lease, leaving the landlord with only roof & structure responsibilities. There are currently 5.8 years remaining on the initial term with Four, 5-year options left. There is a $0.50 per square foot rental increase at the start of the 2nd, 3rd, and 4th option period. The lease is corporately guaranteed by Dollar Tree Inc. which holds a credit rating of “BBB”, which is classified as Investment Grade.

This Dollar Tree is highly visible as it is strategically positioned in Oconto, Wisconsin. As the county seat for Oconto County, Oconto maintains strong economic and social ties to its neighboring towns and cities including Little River, Oconto Falls, Lena, and Peshtigo. Oconto is located only 30 miles outside of Green Bay, Wisconsin which has a population of over 100,000. The Green Bay Metropolitan Statistical Area is ranked Wisconsin's 4th largest by Population at over 282,500. The town has a five mile population of over 6,000 people with an average household income of $66,139.
This Dollar Tree is perfectly situated near SUS-41 & the Main Street Interchange near several retail traffic drivers including McDonald's, Kwik Trip, O'Reilly Auto Parts and Thompson's County Market.
The subject offering represents an ideal opportunity for a 1031 exchange buyer or a “passive” investor to attain the fee simple ownership of a Dollar Tree. This investment will offer a new owner continued success due to the financial strength and the proven profitability of the tenant

PROPERTY FACTS

Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Convenience Store
Building Size
8,598 SF
Building Class
B
Year Built
2020
Price
$990,000
Price Per SF
$115.14
Cap Rate
8.19%
NOI
$81,060
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
1.04 AC
Zoning
Commercial
Parking
20 Spaces (2.33 Spaces per 1,000 SF Leased)
Frontage
146’ on Main St

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
2652813033130202
Land Assessment
$65,100
Improvements Assessment
$924,800
Total Assessment
$989,900
  • Listing ID: 30603799

  • Date on Market: 1/8/2024

  • Last Updated:

  • Address: 131 Howard Ln, Oconto, WI 54153

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