For Sale
$1,087,104

115 Monroe StAugusta, WI 54722

Wisconsin Retail Property - Strong ROI

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a 8,359 square foot Family Dollar store in Augusta, WI, built in 2014 on a 0.787-acre lot. The property boasts a strong Net Lease (NNN) structure with no landlord responsibilities, offering a secure and passive income stream. The lease, commencing July 1, 2014, and expiring June 30, 2029, has a remaining term of approximately 4.6 years, with six/five-year renewal options including a built-in 10% rent increase every five years. The tenant, Family Dollar Stores, LLC, a subsidiary of Dollar Tree, Inc., holds a BBB S&P credit rating, providing a corporate guarantee. The property enjoys 100% occupancy and generates a substantial Net Operating Income (NOI) of $89,686, resulting in an attractive 8.25% cap rate. The asking price is $1,087,104, translating to $130.05 per square foot. A recent interior renovation in 2021 further underscores the tenant's long-term commitment. Benefiting from a high-traffic location with an average daily traffic count of 5,200 vehicles in the immediate vicinity and a lack of national competition within a 10+ mile radius, this property represents a compelling investment with significant upside potential.

Highlights

  • NNN Lease Structure; no landlord responsibilities.
  • Family Dollar completed interior renovations in 2021, indicating long-term commitment.
  • Built-in inflation hedge with 10% rent increases every five years in renewal options.
  • Investment-grade tenant: Family Dollar Stores, LLC (a Dollar Tree subsidiary) with a BBB S&P credit rating.
  • No competing dollar stores within 10 miles.
  • High traffic area with 5,200 average daily vehicles in the immediate vicinity.

Property Details for 115 Monroe St

Property type
Retail properties, Grocery and convenience stores
Square Feet
8,359 SF
Year Built
2014
Lot Size (sq. ft)
34,282 SF

Location Insight

City
Augusta
County
Eau Claire
State
Wisconsin
Latitude
44.683089
Longitude
-91.133822
115 Monroe St, Augusta, Wisconsin

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115 Monroe St
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