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Dollar General 208 S Pacific St 9,014 SF Retail Building Spencer, WI 54479 $618,000 ($68.56/SF) 9% Cap Rate
INVESTMENT HIGHLIGHTS
- Recently renovated in April of 2023, showing Dollar General’s commitment to this location
- Limited competition: No other discount retailer in the surrounding market.
- Dollar General boasts an investment grade credit rating of BBB (S&P)
- Five, 5 year options, which all include 10% increases
- Extremely strong corporately guaranteed lease
- Dollar General has ±20,000 locations and plans to continue their expansion for the foreseeable future
EXECUTIVE SUMMARY
±2YRS, Recently renovated in April of 2023, showing Dollar General’s commitment to this location.
PROPERTY FACTS Under Contract
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
9,014 SF
Building Class
C
Year Built
2006
Price
$618,000
Price Per SF
$68.56
Cap Rate
9%
NOI
$55,620
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
1.09 AC
Frontage
150’ on Pacific St.
PROPERTY TAXES
| Parcel Number | 181-2602-082-1107 | Improvements Assessment | $374,700 |
| Land Assessment | $61,700 | Total Assessment | $436,400 |
PROPERTY TAXES
Parcel Number
181-2602-082-1107
Land Assessment
$61,700
Improvements Assessment
$374,700
Total Assessment
$436,400
CONTACTS
-
Scotty Latimer -
Josh Bishop -
Wyatt Wagner -
Matthews Real Estate Investment Services
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Dollar General | 208 S Pacific St
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