Dollar General | 710 Elm St
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Dollar General 710 Elm St
9,014 SF Retail Building Boscobel, WI 53805 £555,540 (£62/SF) 8.49% Net Initial Yield
Investment Highlights
- Double Net Lease – Minimal Landlord Responsibilities
- Tenant Recently Exercised First, Five-Year Renewal Option
- 10 Percent Rental Increases in Each Renewal Option to Offset Inflation
- Recently Remodeled Interior of the Store
- 5.1 Years Remaining on First Renewal Option With Three Renewal Options Remaining
- Low Rent per Square Foot — Under $7 PSF — Strong Credit Tenant
Executive Summary
Marcus & Millichap is pleased to offer for sale a fee simple interest in a 9,014-square-foot building located at 710 Elm St., Boscobel, WI 53805 (the Property), in which Dollar General has just over five years remaining on their exercised lease option. The lease also features three, five-year renewal options, with 10 percent increases at the beginning of each option to offset inflation. The Property sits on a 0.71-acre parcel with a concrete parking lot and is strategically located in southwest Wisconsin, a little west of Madison, on U.S. Route 61, a major north-south route running from Minnesota through Louisiana. Neighbors include a BP fuel station and c-store, Subway, A&W Restaurant, Kwik Trip fuel station and c-store, Edward Jones, Piggly Wiggly, Emplify Health Boscobel Area Hospital, Family Dollar | Dollar Tree combo store, Bumper to Bumper, Casey’s, and NAPA Auto Parts.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
9,014 SF
Building Class
C
Year Built
2004
Price
£555,540
Price Per SF
£62
Net Initial Yield
8.49%
NOI
£47,175
Tenancy
Single
Number of Floors
1
Building FAR
0.29
Lot Size
0.71 AC
Parking
31 Spaces (3.44 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
- Freeway Visibility
- Pylon Sign
PROPERTY TAXES
| Parcel Number | 206-01005-0000 | Improvements Assessment | £426,592 |
| Land Assessment | £66,195 | Total Assessment | £492,787 |
PROPERTY TAXES
Parcel Number
206-01005-0000
Land Assessment
£66,195
Improvements Assessment
£426,592
Total Assessment
£492,787
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Dollar General | 710 Elm St
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