619 W Warren St - Freestanding FOR SALE


Redgranite, WI 54970
$880,000 USD
612-432-9935
619 W Warren St, Redgranite, WI for Sale
$880,000 USD
Freestanding - FOR SALE
1/5
null | 7.5% Cap Rate

619 W Warren St
Redgranite, WI 54970


HIGHLIGHTS

  • Strategically located along W Warren Street in Redgranite, WI, serving as the primary everyday needs retail destination for the local trade area.
  • Minimal landlord responsibilities as the tenant is responsible for everything except roof & structure, delivering a near-passive ownership experience.
  • Corporate guaranteed lease backed by Dollar General Corporation (NYSE: DG), an investment grade rated tenant (S&P: BBB) with 20,893 locations .
  • Dollar General has a proven, recession-resistant retail concept that targets core customers in smaller communities.
  • Structured rent growth through option periods through 5, 5-year renewal options with scheduled rental increases of 8.9% at option 1 and 10% at each.

OVERVIEW

We are pleased to exclusively offer for sale the 9,014 SF Dollar General located at 619 W Warren Street in Redgranite, WI. This deal includes a Double Net (NN) Dollar General with minimal landlord responsibilities. The property is backed by a corporate guarantee from Dollar General, an investment grade tenant, offering long-term stability and dependable income for investors. In Cooperation With Sands Investment Group Illinois, LLC – Lic. #481013714 BoR: Andrew Ackerman – Lic. IL #471021429 In Association with Scott Reid & ParaSell, Inc. | Costa Mesa, California | A Licensed Iowa Broker #F06134000 and a Licensed Wisconsin Broker #938545-91 | Licensed in AL, AR, AZ, CA, CO, CT, DC, FL, GA, ID, IL, IA, IN, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY

FOR SALE DETAILS

PRICE

$880,000 USD

PRICE/SF

$98 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General - Redgranite, WI

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront, Storefront Retail/Office, Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2009

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.15 AC

LAND SF

50,094 SF

ZONING

C

APN/PARCEL ID

176-01714-0212

ASK ABOUT THIS PROPERTY

Evan BeesonSands Investment GroupMore Info
612-432-9935

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Evan BeesonSands Investment GroupMore Info
612-432-9935

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