880 Spruce St - Freestanding FOR SALE


Baldwin, WI 54002
$1,226,338 USD
980-498-3293
880 Spruce St, Baldwin, WI for Sale
$1,226,338 USD
Freestanding - FOR SALE
1/5
null | 8% Cap Rate

880 Spruce St
Baldwin, WI 54002


HIGHLIGHTS

  • RECENT LEASE EXTENSION EXERCISED | COMMITMENT THROUGH 2031
  • TOP 8% OF WISCONSIN DOLLAR GENERAL LOCATIONS | PLACER.AI
  • ABSOLUTE NNN LEASE WITH ZERO LANDLORD RESPONSIBILITIES

OVERVIEW

**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.

FOR SALE DETAILS

PRICE

$1,226,338 USD

PRICE/SF

$136 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

NNN | Dollar General | Baldwin, WI

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Convenience Store, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2012

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.23 AC

LAND SF

53,579 SF

ZONING

-

APN/PARCEL ID

106-2003-95-112

ASK ABOUT THIS PROPERTY

David HoppeAtlantic Capital PartnersMore Info
980-498-3293

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David HoppeAtlantic Capital PartnersMore Info
980-498-3293

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