331 E Center St - Storefront FOR SALE


Juneau, WI 53039
$660,000 USD
858-999-7431
331 E Center St, Juneau, WI for Sale
$660,000 USD
Storefront - FOR SALE
1/6
null | 7.38% Cap Rate

331 E Center St
Juneau, WI 53039


HIGHLIGHTS

  • SELLER FINANCING - 50% DOWN, 5% INTEREST ONLY, 9.75% CASH-ON-CASH - This structure hands the buyer immediate positive leverage
  • CORPORATE-GUARANTEED LEASE WITH CONTRACTUAL RENT GROWTH - Two additional five-year options with fixed 10% increases at each
  • TENANT EXERCISED ITS OPTION ELEVEN MONTHS EARLY - Commitment to site on record; Tenant honored 13% rent increase due in October
  • BELOW-MARKET RENT BASIS AT $3.08 PSF - A fraction of replacement-cost rent for retail space in the market and well below the DG new construction rents
  • 2025 CAPITAL IMPROVEMENTS — RECENT ROOF, LOT WORK, AND FULL INTERIOR REMODEL - Full interior remodel in 2025, new HVAC units 2026, new roof 2020
  • THE ONLY DISCOUNT RETAILER IN JUNEAU - There is no other Dollar General, Dollar Tree, or Family Dollar in Juneau, the county seat of Dodge County

OVERVIEW

TD Commercial Group and Core Commercial are pleased to exclusively offer for sale a 100% fee-simple interest in a corporate-guaranteed Dollar General located at 331 East Center Street in Juneau, Wisconsin. The ±15,800 SF store sits on a ±1.01-acre parcel on the main commercial spine of Juneau, the county seat of Dodge County, and is the only discount retailer in the city — there is no other Dollar General, Dollar Tree, or Family Dollar in Juneau. The offering is anchored by a rare seller-financing package. The seller will carry 50% of the $660,000 purchase price at 5.0% interest only, delivering a 9.75% cash-on-cash return on the $330,000 down payment. In a market where small-balance net lease debt is pricing meaningfully higher, this structure hands the buyer immediate positive leverage on an investment-grade tenant with no lender, no appraisal, and no loan committee — the fastest path to close available on a Dollar General today, and a particularly clean fit for a 1031 buyer on a clock. The real estate underneath is equally clean. The lease is guaranteed by Dolgencorp, LLC, a wholly owned subsidiary of Dollar General Corporation (NYSE: DG) — an S&P BBB / Moody's Baa3 rated credit generating over $43 billion in annual revenue across 21,055+ stores. Dollar General exercised its renewal option in April 2025, roughly eleven months ahead of the March 2026 deadline, extending the term through September 30, 2031 and accepting a 13% rent increase to do it. Two additional five-year options with fixed 10% increases carry contractual income growth out to September 30, 2041. At the October 2026 rent, the tenant occupies the building at just $3.08 per square foot — a fraction of replacement-cost rent and well below what Dollar General pays on new-construction prototypes, a rent basis the tenant cannot replicate anywhere in the trade area. The store also carries a physically current improvement profile. A full interior remodel was completed in 2025 under Dollar General's remodel program with new fixtures, flooring, and 24 cooler doors; HVAC units were replaced in 2026; the roof was replaced in 2020; and the parking lot has been addressed to the tenant's standards. A buyer steps into a current asset rather than a deferred-maintenance story. Location supports the credit. Juneau is a compact community of 2,723 residents that punches well above its population because it houses county government — the Dodge County Courthouse, administration offices, and county justice complex all sit within blocks of the subject, generating consistent weekday daytime traffic a town this size would not otherwise support. Dodge County is home to roughly 89,158 residents with a median household income of $73,992, anchored by a diversified employment base including Quad/Graphics, John Deere, Mayville Engineering, Seneca Foods, and Beaver Dam Community Hospital. Within five miles of the subject, average household income runs $85,919 — comfortably above the profile of a typical rural Dollar General trade area. The county sits inside the Milwaukee DMA and roughly between Madison and Milwaukee, giving residents metro-level wage access while preserving rural cost of living and rural retail scarcity — precisely the geometry on which Dollar General built its national franchise.

FOR SALE DETAILS

PRICE

$660,000 USD

PRICE/SF

$42 USD /SF

CAP RATE

7.38%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Convenience Store, Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2001

SPRINKLERS

-

PARKING SPACES

38

LAND DETAILS

LAND ACRES

1.01 AC

LAND SF

43,996 SF

ZONING

CM

APN/PARCEL ID

241-1115-2223-049

ASK ABOUT THIS PROPERTY

Jared McNuttTD Commercial GroupMore Info
858-999-7431

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Jared McNuttTD Commercial GroupMore Info
858-999-7431

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