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Family Dollar - Augusta, WI 115 Monroe St

8,359 SF Retail Building Augusta, WI 54722 $1,087,104 ($130/SF) 8.25% Cap Rate

Executive Summary

Rare NNN Lease Structure - No landlord responsibilities.
Recent Interior Renovation by Tenant - Family Dollar remodeled in 2021 demonstrating their long term commitment to this location.
Hedge Against Inflation - 10% rental increases every 5 years in each renewal option.
Corporate Guarantee from an Investment Grade Tenant - Family Dollar Stores, LLC is a wholly-owned subsidiary of Dollar Tree, Inc., which has the following S&P credit ratings: BBB (Investment Grade)
No National Competition - nearest dollar store is 10+ miles away
Average Daily Traffic Count - 5,200 in Immediate Vicinity

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Convenience Store
Building Size
8,359 SF
Building Class
C
Year Built
2014
Price
$1,087,104
Price Per SF
$130
Cap Rate
8.25%
NOI
$89,686
Tenancy
Single
Building Height
1 Story
Building FAR
0.25
Land Acres
0.78 AC
Zoning
R1

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
18202-2-250605-120-2028
Land Assessment
$52,200
Improvements Assessment
$647,100
Total Assessment
$699,300
  • Listing ID: 33758532

  • Date on Market: 11/5/2024

  • Last Updated:

  • Address: 115 Monroe St, Augusta, WI 54722

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