For Sale
$990,000

131 Howard LnOconto, WI 54153

8,550 SF Net Lease Investment

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional investment opportunity presents a fee-simple ownership of an 8,550-square-foot Dollar Tree store in Oconto, Wisconsin. Built in 2020, this Class A property boasts a 100% occupancy rate with a corporate-guaranteed NNN lease, minimizing landlord responsibilities to roof and structure. The lease features four, five-year options with a $0.50/SF rent increase in options two, three, and four. The current lease term expires March 30, 2027, leaving 2.4 years remaining. The property generates a strong NOI of $81,060, resulting in an attractive 8.19% cap rate. Situated on a 1.03-acre lot with 30 parking spaces, this strategically located retail space benefits from high visibility on Howard Ln, near major retailers like McDonald's, Kwik Trip, and O'Reilly Auto Parts. The property is zoned commercial and enjoys a prime location within Oconto County, a strong economic area with close proximity to Green Bay. This is an ideal investment for a 1031 exchange or passive investor seeking a stable, high-performing asset backed by a nationally recognized, investment-grade tenant (Dollar Tree Inc.). The property's strong performance throughout the COVID-19 pandemic further underscores its resilience and potential for continued success. The asking price is $990,000, translating to $115.79 per square foot.

Property Details for 131 Howard Ln

Property type
Retail properties, Grocery and convenience stores
Square Feet
8,550 SF
Class
A
Year Built
2020
Buildings
1
Stories
1
Lot Size (sq. ft)
44,867 SF
Units
1

Location Insight

City
Oconto
County
Oconto
State
Wisconsin
Latitude
44.892684700121
Longitude
-87.88602878985
131 Howard Ln, Oconto, Wisconsin

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131 Howard Ln
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