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12,668 SF Dollar General | Madison MSA 106 9th St

12,668 SF Retail Building Brodhead, WI 53520 £1,521,795 (£120.13/SF) 6.60% Net Initial Yield

INVESTMENT HIGHLIGHTS

  • 14 YEAR CORPORATE NNN LEASE WITH RENT INCREASES IN INITIAL TERM
  • MADISON MSA | 2ND MOST POPULOUS & FASTEST GROWING CITY IN WISCONSIN
  • NEW CONSTRUCTION 12,668 SF DOLLAR GENERAL
  • INVESTMENT GRADE TENANT (S&P: BBB) WITH 21,000 LOCATIONS

EXECUTIVE SUMMARY

14 YEAR CORPORATE NNN LEASE WITH RENT INCREASES IN INITIAL TERM
• This property features has 14 years remaining on a 15-year corporate guaranteed NNN lease with Dollar General with 5% rent
increases every 5 years.
• Tenant is 100% responsible for all expenses including parking lot, taxes, insurance, roof and structure.
• There are 5% rent increases in each of the five, 5-year option periods.
NEW CONSTRUCTION 12,668 SF DOLLAR GENERAL
• 12,668 SF upgraded construction Dollar General located in Broadhead, WI.
• The subject property is open and rent commenced in January 2024.
MADISON MSA | 2ND MOST POPULOUS & FASTEST GROWING CITY IN WISCONSIN
• Brodhead is located in the Madison MSA which is the second largest and fastest growing city in Wisconsin.
• The Madison MSA has experienced significant employment growth, with a 3.8% increase above 2019 levels as of September 2024.
• The trade, transportation, and utilities sector is the largest in the MSAs, accounting for 17.5% of total employment in 2023. The
education and health services sector follows closely, representing 16.8% of employment.
• The Madison MSA has the highest Per Capita Personal Income in Wisconsin, indicating a prosperous regional economy that
benefits surrounding communities like Brodhead.
• The Madison, WI area is home to major companies including American Family Insurance Group ($17B in revenue), Exact Sciences
($10.44B market cap), CUNA Mutual Group ($5.2B in revenue), Alliant Energy ($4.2B in revenue), and Epic Systems (privately held,
major healthcare software provider), showcasing its strong economic foundation and diverse industry presence.
• Madison, WI is home to University of Wisconsin–Madison (47,000+ students), Madison Area Technical College (approximately
30,000 students), and Edgewood College (2,000+ students).
BRODHEAD, WI
• Located on Wisconsin Highway 11 (5,500 VPD).
• Positioned near newer construction homes adjacent to the store averaging $320K in value.
• There are 2,542 households in a 5 mile radius.
• The 5 mile average household income is $75,054 which is superior to most rural Dollar General Locations.
• To major local manufacterers Kuhn (400 employees) and Stoughton (425 employees) operate near this store.
INVESTMENT GRADE TENANT (S&P: BBB) WITH 21,000 LOCATIONS
• Dollar General is a publicly traded (NYSE: DG) Fortune 500 company with an S&P investment grade credit rating of BBB.
• Currently over 21,000 locations and plans to open 750 stores in 2025.
• Dollar General has been in business for 80 years and has a current net worth of over $18.16B

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
12,668 SF
Building Class
B
Year Built
2024
Price
£1,521,795
Price Per SF
£120.13
Net Initial Yield
6.60%
NOI
£100,438
Tenancy
Single
Number of Floors
1
Building FAR
0.12
Lot Size
2.45 AC
Frontage
482 ft on 1st Street

AMENITIES

  • Pylon Sign
  • Signage
  • Wheelchair Accessible
  • Listing ID: 34594415

  • Date on Market: 24/01/2025

  • Last Updated:

  • Address: 106 9th St, Brodhead, WI 53520

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