For Sale
$2,466,667

1141 15Th AveUnion Grove, WI 53182

High-yield retail investment, strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a 10-year, triple-net (NNN) lease on a newly constructed (2024) 1.09-acre retail property in Union Grove, Wisconsin. The property is 100% occupied by a portfolio of Dollar General, Dollar Tree, and Family Dollar stores, offering a strong corporate guarantee and investment-grade credit rating. The lease commenced February 6th, 2025, and expires February 28th, 2035, with five, five-year renewal options, each including a $5,000 rent increase. The property boasts a 7.50% cap rate and a net operating income (NOI) of $185,000, with an asking price of $2,466,667. Located at 1141 15th Ave, Union Grove, WI 53182 (Racine County), this site benefits from a prime location just 30 miles from Milwaukee, within a 10-mile radius boasting a population of 73,769 residents and an average household income of $119,836. The property features a concrete parking lot and a 20-year transferable roof warranty. Strong co-tenancy includes McDonald's, Napa Auto Parts, Dairy Queen, Piggly Wiggly, and Domino's Pizza. This is a rare opportunity to acquire a high-performing, low-maintenance retail investment with a secure, long-term lease.

Highlights

  • 2024 built-to-suit Dollar Tree store.
  • 10-year NNN lease with limited landlord responsibilities.
  • Located in Union Grove, Wisconsin, 30 miles from Milwaukee.
  • 10-mile radius population of 73,769.
  • Average household income of $119,836.
  • Strong co-tenancy with McDonald's, Napa Auto Parts, and other national retailers.

Property Details for 1141 15Th Ave

Property type
Retail properties, Drug stores
Year Built
2024
Lot Size (sq. ft)
47,480 SF

Location Insight

City
Union Grove
County
Racine
State
Wisconsin
Latitude
42.681086965037
Longitude
-88.053883901181
1141 15Th Ave, Union Grove, Wisconsin

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1141 15Th Ave
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