Family Dollar

109 North McKenzie Street, Gillett, WI 54124

$1,284,715

Cap Rate 8.25%

Updated: 03.11.24 Posted: 08.30.23 Status: Sold

Summary

Price $1,284,715	Built/Renov 2013	Tenant Family Dollar
Cap Rate 8.25%	Lease Type Double NN	Guarantor Corp T and Rated
Size/SF 8,320	Lease Start 10-14-2013	#Units 8,206
Price/SF $154.41	Expiration 09-30-2028	Tenant Type Dollar/Discount
NOI $105,989	R. Term 3.4	Ownership Fee Simple
Rent/SF $12.74	Increases 10.0%/0/yrs	Pop 5Mi 3,446
Lot/AC 1.36	Options 4/5yrs/10%	AHHI 5Mi $72,197

Isaiah Harf

Northmarq

Contact

Lease Highlights

Family Dollar has 5 years remaining on the current lease term with 4 (5-year) options to extend
Lease features a 10% rental increase every 5 years throughout the initial term and at the start of each option
Corporate guarantee by Dollar Tree, Inc. (NASDAQ: DLTR)
Family Dollar is an investment grade tenant (S&P: BBB)

Location Description

This 8,320 square foot Family Dollar is situated on a 1.36 acre lot along North McKenzie Street (WI Highway 22) with access to 4,286 vehicles per day. The site is apart of a small shopping center with neighboring Pat’s Market. Additional tenants in the area include Subway, Dollar General, La Mexicana restaurant, Primal Eats and others. The tenant is located in a rural, residential area...

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Key Features

Major thoroughfare
Near major nationals
Strategically located
Highway location
Strong tenant synergy
Major MSA
Recently extended lease
Traded and rated company
Corporate Guarantee
Investment grade tenant

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Links

Family Dollar Wikipedia Family Dollar Wikipedia Gillett, Wisconsin Zip Code 54124 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Family Dollar
Guarantor:Corp T and Rated
Company:Dollar Tree, Inc.
# Units:8,206
Tenant S&P: BBB
Moody’s: Baa2
Stock: NASDAQ: DLTR

About Tenant

Family Dollar is an American retail, variety discount store chain, with over 8,000 locations in all states except Alaska and Hawaii. The chain operates general merchandise retail discount stores...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	1,334	2,083	3,419
2023 Total Population :	1,349	2,104	3,446
2023 Employed Civilian Pop :	699	1,081	1,709
2023 Total Businesses :	90	112	132
2023 Average Household Income :	$ 64,662	$ 66,252	$ 72,197
2023 Total Consumer Spending :	$ 35 M	$ 55 M	$ 95 M
2023 Median Age :	46	46	46
2023 Total Households :	608	929	1,472
2023 Pop Age 25+: Bachelor's Degree :	75	118	204
2023 Average Home Value :	$ 146,747	$ 160,262	$ 182,365

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
N McKenzie St	E Railroad St	2015	3,700	0.02 mi
E Main St	N Lake St	2009	1,900	0.05 mi
W Main St	W First St	2012	5,300	0.09 mi
W Park St	Wallis Ave	2010	690	0.11 mi
N Elm Ave	Mirro Dr	2010	160	0.27 mi
N McKenzie Ave	Hwy 22	2012	4,900	0.38 mi
E Main St	Cir St	2009	1,300	0.40 mi
State Hwy 22	N McKenzie Ave	2015	2,400	0.45 mi
		2012	1,900	0.48 mi
State Hwy 32	Hwy 22	2015	1,400	0.50 mi

Listing Broker

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