Family Dollar | Dollar Tree
19,220 SF | 100% Leased | Retail Building | Mondovi, WI 54755 | $1,505,000 ($78/SF) | 7.50% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $1,505,000
- Property Type
-
Retail
- Square Feet
- 19,220 SF
- Price / Square Foot
- $78
Listing Contacts
Isaiah Harf
Verified Profile
- Property Info
Property Overview
Northmarq is pleased to offer for sale to qualified investors, the opportunity to purchase a fee simple interest in the Family Dollar | Dollar Tree property located in Mondovi, Wisconsin (The Property”). The Property consists of an 15,984 square foot freestanding retail building on a 1.378-acre parcel of land. Family Dollar is operating under a 10-year, net lease with limited landlord responsibilities and 5 x 5-year extension options. Additionally, this lease benefits from $0.33/SF rental increases that occur every 5 years, including at each extension option, offering investors a hedge against inflation.
Property Details
- Class
- C
- Year Built
- 2023
- Stories
- 1
- Property Subtype
- Storefront, Freestanding
- Lot Size (sq. ft)
- 195,584 SF
Highlights
- Brand New, Long-Term Net Lease | Limited Landlord Responsibilities
- Rental Increases | $0.33/SF Every 5 years
- 2023 Renovations | Featuring Family Dollar | Dollar Tree's Most Up to Date Design & Construction Standards
- Investment Grade Guarantee from Best-In-Class Tenant | Dollar Tree - BBB/Stable (S&P)
- Strong Access & Visibility on Major Thruway | E Main St (US 10) - 7,304 VPD
- Commercial Corridor of Mondovi | Locally Owned Establishments that Drive a Significant Amount of Commerce into the Trade Area
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