✖
Dollar General
4437 North Branch Street, Wabeno, WI 54566
$1,375,187
Cap Rate 6.65%
Summary
| Price $1,375,187 | Built/Renov 2022 | Tenant Dollar General |
| Cap Rate 6.65% | Lease Type
Abs NNN | Guarantor Corp T and Rated |
| Size/SF
9,406
| Lease Start
03-23-2022
| #Units
19,294
|
| Price/SF $146.20 | Expiration
03-31-2037
| Tenant Type Dollar/Discount |
| NOI $91,450 | R. Term 13.3 | Ownership Fee Simple |
| Rent/SF
$9.72
| Increases 10.0%/14/yrs | Pop 5Mi 1,269 |
| Lot/AC 1.18 | Options 5/5yrs/10% | AHHI 5Mi $65,811 |
| | |
Lease Highlights
- 2022 build-to-suit construction
- Dollar General has 13+ years remaining on the current lease term with 5 (5-year) options to extend
- Lease features 10% rental escalation at the start of each option
- Absolute NNN | Zero landlord responsibilities
- Corporate guaranteed lease
Location Description
Dollar General, located along North Branch Street, serves as the only dollar store catering to the local community, benefiting from the advantage of limited competition. Situated on the main thoroughfare, the property is directly adjacent to Wabeno High School. The 5-mile trade area is supported by a population of 1,269 residents, with an average household income of $65,811. Wabeno is a town...
...Features
-
New construction
-
Major thoroughfare
-
Strategically located
-
Absolute NNN
-
Long 10+ yr lease
-
Limited competition
-
Traded and rated company
-
Corporate Guarantee
-
Investment grade tenant
...
Maps
Tenant
- Tenant: Dollar General
- Guarantor:Corp T and Rated
- Company:Dollar General Corp.
- # Units:19,294
- Tenant S&P: BBB
- Moody’s: Baa3
- Stock:NYSE: DG
About Tenant
Dollar General Corporation (NYSE: DG) is an American chain of variety stores. As of 2023, Dollar General operates more than 19,200 stores in 47 states and Mexico. The stores deliver everyday low...
...
Demographics
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 480 | 841 | 1,172 |
| 2023 Total Population : | 488 | 857 | 1,194 |
| 2023 Employed Civilian Pop : | 177 | 307 | 428 |
| 2023 Total Businesses : | 30 | 40 | 45 |
| 2023 Average Household Income : | $ 65,874 | $ 73,405 | $ 73,466 |
| 2023 Total Consumer Spending : | $ 13 M | $ 25 M | $ 35 M |
| 2023 Median Age : | 45 | 47 | 47 |
| 2023 Total Households : | 226 | 387 | 545 |
| 2023 Pop Age 25+: Bachelor's Degree : | 33 | 67 | 92 |
| 2023 Average Home Value : | $ 217,690 | $ 216,639 | $ 223,248 |
Traffic
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| N Branch St | Forest Ave | 2012 | 3,300 | 0.36 mi |
| Co Hwy H | High St | 2009 | 380 | 0.79 mi |
| State Hwy 32 | Adams Ln | 2015 | 4,900 | 1.00 mi |
| Cemetery Rd | 2019 | 690 | 1.22 mi | |
| State Hwy 32 | N Branch Ln | 2015 | 2,200 | 1.40 mi |
| State Hwy 52 | Airport Rd | 2009 | 1,200 | 1.56 mi |
| Co Hwy C | Rogers St | 2009 | 340 | 2.00 mi |
.jpg)
.jpg){kind=link}
