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619 W Warren St
Redgranite, WI 54970

$880,000 USD

Freestanding For Sale  •  9,014 SF

Property Details

  • Property Type Freestanding
  • Total Building Size 9,014 SF
  • Lot Size 1.15 AC
  • Building Class B
  • Year Built 2009
  • Cap Rate 7.50 %
  • Tenancy Single
  • Zoning C
20 Walk Score

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.
Cap Rate: 7.50 %

Major Tenants

Tenant SF Occupied Lease End Date
Dollar General 9,014 SF 10/31/2029

Public Transportation

AirportDriveWalkDistance
Appleton International 57 min - 46.3 mi

Parking Details

Parking Available: Yes
Reserved: No
Type: Surface
Included in Rent: Yes
Evan Beeson 612-432-9935 Sands Investment Group
Evan Beeson 612-432-9935 Sands Investment Group