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619 W Warren St
Redgranite, WI 54970
Dollar General - Redgranite, WI · Retail Property For Sale
Investment Highlights
- Strategically located along W Warren Street in Redgranite, WI, serving as the primary everyday needs retail destination for the local trade area.
- Corporate guaranteed lease backed by Dollar General Corporation (NYSE: DG), an investment grade rated tenant (S&P: BBB) with 20,893 locations .
- Structured rent growth through option periods through 5, 5-year renewal options with scheduled rental increases of 8.9% at option 1 and 10% at each.
- Minimal landlord responsibilities as the tenant is responsible for everything except roof & structure, delivering a near-passive ownership experience.
- Dollar General has a proven, recession-resistant retail concept that targets core customers in smaller communities.
Executive Summary
We are pleased to exclusively offer for sale the 9,014 SF Dollar General located at 619 W Warren Street in Redgranite, WI. This deal includes a Double Net (NN) Dollar General with minimal landlord responsibilities. The property is backed by a corporate guarantee from Dollar General, an investment grade tenant, offering long-term stability and dependable income for investors.
In Cooperation With Sands Investment Group Illinois, LLC – Lic. #481013714 BoR: Andrew Ackerman – Lic. IL #471021429 In Association with Scott Reid & ParaSell, Inc. | Costa Mesa, California | A Licensed Iowa Broker #F06134000 and a Licensed Wisconsin Broker #938545-91 | Licensed in AL, AR, AZ, CA, CO, CT, DC, FL, GA, ID, IL, IA, IN, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY
In Cooperation With Sands Investment Group Illinois, LLC – Lic. #481013714 BoR: Andrew Ackerman – Lic. IL #471021429 In Association with Scott Reid & ParaSell, Inc. | Costa Mesa, California | A Licensed Iowa Broker #F06134000 and a Licensed Wisconsin Broker #938545-91 | Licensed in AL, AR, AZ, CA, CO, CT, DC, FL, GA, ID, IL, IA, IN, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
9,014 SF
Building Class
B
Year Built
2009
Price
$880,000
Price Per SF
$97.63
Cap Rate
7.50%
NOI
$65,964
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
1.15 AC
Zoning
C - Commercial
Property Taxes
| Parcel Number | 176-01714-0212 | Improvements Assessment | $606,000 |
| Land Assessment | $24,000 | Total Assessment | $630,000 |
Property Taxes
Parcel Number
176-01714-0212
Land Assessment
$24,000
Improvements Assessment
$606,000
Total Assessment
$630,000
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