131 Howard Ln - Convenience Store FOR SALE


Oconto, WI 54153
$990,000 USD
715-514-0201
131 Howard Ln, Oconto, WI for Sale
$990,000 USD
Convenience Store - FOR SALE
1/2
null | 8.19% Cap Rate

131 Howard Ln
Oconto, WI 54153


HIGHLIGHTS

  • Newer Construction - Newly constructed site built in 2020
  • Minimal Landlord Responsibilities - Modified NNN lease, tenant reimburses for all expenses including CAM, Taxes, Insurance & Administration fees
  • Nationally Recognized Tenant - Dollar Tree is Ranked #131 on the Fortune 500 and Operates Over 15,772 Locations Across the Country

OVERVIEW

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

FOR SALE DETAILS

PRICE

$990,000 USD

PRICE/SF

$115 USD /SF

CAP RATE

8.19%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2020

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

1.04 AC

LAND SF

45,197 SF

ZONING

Commercial

APN/PARCEL ID

2652813033130202

ASK ABOUT THIS PROPERTY

Scott KnepperTrillium Commercial RealtyMore Info
715-514-0201

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Scott KnepperTrillium Commercial RealtyMore Info
715-514-0201

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.