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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
**RECENT LEASE EXTENSION EXERCISED | COMMITMENT THROUGH 2031**
- 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.
- 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
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
9,026 SF
Building Class
B
Year Built
2011
Price
$1,226,338
Price Per SF
$135.87
Cap Rate
8%
NOI
$98,107
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
1.23 AC
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 Wholesale Company, a dry-goods business started by J.L. Turner and Cal Turner Sr., and the first Dollar General store opened in the mid-1950s. The company operates a discount retail model through Dollar General, DG Market, DGX, and pOpshelf formats, serving customers with food, health and wellness products, cleaning and laundry supplies, self-care and beauty items, seasonal décor, private brands, and national labels. Dollar General supports online shopping and positions itself around affordable everyday goods and community-focused services.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Retailer | 9,391 SF | - | Dec 2031 |
Somewhat walkable
30/100
Exceptionally drivable
100/100
Not bikeable
10/100
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
Parcel Number
106-2003-95-112
Land Assessment
$152,700
Improvements Assessment
$934,500
Total Assessment
$1,087,200
Contacts
-
David Hoppe -
Eric Suffoletto -
Mike Lucier -
Ben Olmstead -
Ben McCarter -
Connor Kuchman -
Christopher Wiener -
Atlantic Capital Partners
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