For Sale
$1,704,225

7941 Chitko Rd Armstrong Creek, WI 54103

High-Yield Retail Investment, NNN Lease

Overview

Added:
Dec 11, 2024
Days on market:
132
This exceptional investment opportunity presents a brand-new, single-tenant Dollar General convenience store in Armstrong Creek, Wisconsin. The property boasts 10,640 square feet on a 1.7-acre lot, built in 2024, and features a Class A building with a 15-year NNN lease remaining. The tenant, Dollar General, is a highly reputable and profitable national retailer, ensuring consistent cash flow. Located at 7941 Chitko Rd, Armstrong Creek, WI 54103, this property offers a compelling 6.75% cap rate and a price per square foot of $160.17. The property is zoned for commercial use and enjoys 100% occupancy. This is a turnkey investment with significant long-term potential, offering a secure and profitable addition to any portfolio. The building is a single-story structure, and the lease includes renewal options. This is a rare opportunity to acquire a high-performing asset in a stable market. The property's strong tenant, long-term lease, and attractive financial metrics make it an ideal investment for discerning buyers. The location in Forest County, Wisconsin, provides access to a significant customer base.

Highlights

  • $1,704,225 asking price for this Class A retail property.
  • 10,640 square foot convenience store on a 1.7-acre lot in Armstrong Creek, WI.
  • New construction (2024) with a 15-year NNN lease to Dollar General.
  • 100% occupancy with 15 years remaining on the lease.
  • $160.17 price per square foot and a 6.75% cap rate.

Property Details for 7941 Chitko Rd

Property type
Retail properties, Grocery and convenience stores
Square Feet
10,640 SF
Class
A
Year Built
2024
Buildings
1
Stories
1
Lot Size (sq. ft)
74,052 SF

Location Insight

City
Armstrong Creek
County
Forest
State
Wisconsin
Latitude
45.6600394
Longitude
-88.4360182

FAQs

What type of property is this?
Retail property - High-Yield Retail Investment, NNN Lease
Where is the retail property located?
The property is located at 7941 Chitko Rd Armstrong Creek, WI.
What is the asking price?
The asking price for this property is $1,704,225.
What are key features of this property?
This property features: $1,704,225 asking price for this Class A retail property.; 10,640 square foot convenience store on a 1.7-acre lot in Armstrong Creek, WI.; New construction (2024) with a 15-year NNN lease to Dollar General.
How can I contact the broker?
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7941 Chitko Rd
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