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NNN | Dollar General | Baldwin, WI 880 Spruce St 9,026 SF Retail Building Baldwin, WI 54002 $1,226,338 ($135.87/SF) 8% Cap Rate
Investment Highlights
- RECENT LEASE EXTENSION EXERCISED | COMMITMENT THROUGH 2031
- ABSOLUTE NNN LEASE WITH ZERO LANDLORD RESPONSIBILITIES
- TOP 8% OF WISCONSIN DOLLAR GENERAL LOCATIONS | PLACER.AI
Executive Summary
- Dollar General recently exercised its first five-year lease extension, extending the lease through December 2031 and demonstrating continued commitment to the location after more than 13 years of successful operation.
**TOP 8% OF WISCONSIN DOLLAR GENERAL LOCATIONS | PLACER.AI**
- According to Placer.ai, the store ranks within the top 8% of all Dollar General locations in Wisconsin by foot traffic, providing meaningful third-party validation of store productivity and site performance.
**ABSOLUTE NNN LEASE WITH ZERO LANDLORD RESPONSIBILITIES**
- The property is leased on an Absolute NNN basis with no landlord obligations, creating a passive ownership structure and predictable cash flow stream.
**INVESTMENT-GRADE TENANT**
- Dollar General Corporation operates more than 20,000 locations nationwide and maintains an investment-grade BBB credit rating from S&P, providing investors with credit-backed income from one of the country's most recognized discount retailers.
**AFFLUENT TWIN CITIES COMMUTER TRADE AREA**
- The property serves a trade area with average household income of approximately $108,000 within five miles and benefits from its position within the broader Minneapolis-St. Paul commuter corridor, one of the largest and most economically diverse regions in the Midwest.
**NECESSITY-BASED RETAILER | PERFORMANCE ACROSS ECONOMIC CYCLES**
- Approximately 80% of Dollar General's sales are generated from consumable and non-discretionary merchandise categories, supporting consistent customer demand regardless of broader economic conditions.
Property Facts
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Retailer
- 9,391 SF
- -
- Dec 2031
Dollar General began in 1939 as J.L. Turner and Son, a family business rooted in Scottsville, Kentucky, and later adopted the Dollar General name as the business expanded. The company built its model around small-box discount retailing and a simple mission centered on serving customers with affordable products and services. The company offers food, health and wellness products, cleaning and laundry supplies, self-care and beauty items, and seasonal décor, sold through Dollar General, DG Market, DGX, pOpshelf, and Mi Súper Dollar General formats. Dollar General also sells products online and combines private brands with widely recognized national brands across a broad consumer mix.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Retailer | 9,391 SF | - | Dec 2031 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 106-2003-95-112 | Improvements Assessment | $934,500 |
| Land Assessment | $152,700 | Total Assessment | $1,087,200 |
Property Taxes
Contacts
-
David Hoppe -
Eric Suffoletto -
Mike Lucier -
Ben Olmstead -
Ben McCarter -
Connor Kuchman -
Christopher Wiener -
Atlantic Capital Partners
Presented by
NNN | Dollar General | Baldwin, WI | 880 Spruce St
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