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Dollar General
733 West State Street, Fox Lake, WI 53933
$1,206,118
Cap Rate 6.80%
Summary
| Price $1,206,118 | Built/Renov 2018 | Tenant Dollar General |
| Cap Rate 6.80% | Lease Type
Abs NNN | Guarantor Corp T and Rated |
| Size/SF
7,529
| Lease Start
12-16-2018
| #Units
19,294
|
| Price/SF $160.20 | Expiration
12-31-2033
| Tenant Type Dollar/Discount |
| NOI $82,016 | R. Term 10.0 | Ownership Fee Simple |
| Rent/SF
$10.89
| Increases 10.0%/5/yrs | Pop 5Mi 7,076 |
| Lot/AC 1.00 | Options 4/5yrs/10% | AHHI 5Mi $95,962 |
| | |
Lease Highlights
- Dollar general has 10 years remaining on the current lease term with 4 (5-year) options to extend
- Lease features 10% rental increases every 5 years throughout the initial term and at the start of each option
- Absolute NNN | Zero landlord responsibilities
- Corporate guaranteed lease
Location Description
Dollar General is conveniently located on W. State Street which sees 8,288+ vehicles passing by daily. The property benefits from neighboring establishments such as Fox Lake City Hall, Fox Lake Museum, LeRoy Meats, Karen’s Diner and more, creating crossover traffic to the site. 7,085 residents, earning an average household income of $95,962 occupy the surrounding 5-mile radius. Fox Lake is a...
...Features
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Build to suit
-
Strategically located
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Top 100 MSA
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Affluent suburb location
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Absolute NNN
-
Long 10+ yr lease
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Limited competition
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Traded and rated company
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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 : | 1,769 | 2,594 | 7,144 |
| 2023 Total Population : | 1,771 | 2,600 | 7,161 |
| 2023 Employed Civilian Pop : | 898 | 1,211 | 2,821 |
| 2023 Total Businesses : | 71 | 95 | 226 |
| 2023 Average Household Income : | $ 82,092 | $ 84,529 | $ 86,051 |
| 2023 Total Consumer Spending : | $ 59 M | $ 88 M | $ 187 M |
| 2023 Median Age : | 47 | 45 | 42 |
| 2023 Total Households : | 804 | 1,177 | 2,454 |
| 2023 Pop Age 25+: Bachelor's Degree : | 245 | 335 | 693 |
| 2023 Average Home Value : | $ 297,727 | $ 304,296 | $ 286,432 |
Traffic
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| East State Street | Edgelawn Dr | 2021 | 9,700 | 0.56 mi |
| W State St | Center St | 2017 | 9,100 | 0.57 mi |
| Spring St | E State St | 2014 | 2,700 | 0.67 mi |
| Spring Street | Trenton St | 2021 | 2,900 | 0.69 mi |
| Trenton Street | 3rd St | 2021 | 2,300 | 0.74 mi |
| E State St | State St | 2011 | 3,900 | 1.06 mi |
| State Hwy 68 | Oaks Rd | 2004 | 2,600 | 1.08 mi |
| State Hwy 33 | Howard Dr | 2017 | 8,500 | 1.24 mi |
| County Road A | Co Rd A A | 2021 | 2,500 | 1.60 mi |
| County Road C | Lakeland Rd | 2021 | 2,300 | 1.75 mi |
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