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