Family Dollar

115 Monroe Street, Augusta, WI 54722

$1,055,129

Cap Rate 8.50%

Views: 35 DOM: 66 Updated: 10.04.24 Posted: 09.09.24 Status: Active

Summary

Price $1,055,129	Built/Renov 2014	Tenant Family Dollar
Cap Rate 8.50%	Lease Type Abs NNN	Guarantor Corp T and Rated
Size/SF 8,359	Lease Start 03-01-2014	#Units 8,359
Price/SF $126.23	Expiration 06-01-2029	Tenant Type Dollar/Discount
NOI $89,686	R. Term 4.6	Ownership Fee Simple
Rent/SF $10.73	Increases 0.0%/0/yrs	Pop 5Mi 3,602
Lot/AC 0.78	Options 0/0yrs/10%	AHHI 5Mi $93,371

Todd Lewis

Secure Net Lease

Contact

Lease Highlights

Family Dollar has been operating in this location since 2014
The tenant has 4+ years remaining on the current lease term
The lease features 10% rental increases in option periods
Absolute NNN lease | Zero landlord responsibilities
Corporate guarantee | Investment grade tenant

Location Description

Family Dollar is strategically located at the hard corner intersection of Monroe Street and Iron Brigade Memorial Highway, with access to 5,000 vehicles passing by daily. The property ranks in the top 90% of stores in Wisconsin and the top 80% nationally, according to Placer.ai data. It is directly across from Augusta High School, and is surrounded by well-known retailers including Subway,...

...

Key Features

Hard corner intersection
Near major nationals
Strategically located
Highway location
Long operation history
Absolute NNN
Top performing store
Traded and rated company
Corporate Guarantee
Investment grade tenant

...

Links

Family Dollar Wikipedia Family Dollar Wikipedia Augusta, Wisconsin Zip Code 54722 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Family Dollar
Guarantor:Corp T and Rated
Company:Dollar Tree, Inc.
# Units:8,359
Tenant S&P: BBB
Moody’s: Baa2
Stock: NASDAQ: DLTR

About Tenant

Family Dollar is an American retail, variety discount store chain, with over 8,000 locations in all states except Alaska and Hawaii. The chain operates general merchandise retail discount...

...

Listing Broker

Disclaimer & Confidentiality

All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT