208 Pacific StSpencer, WI 54479

Property Details for 208 Pacific St

Lot size

1.09 AC

Property type

Other commercial real estate

APN

181-2602-082-1107

APU

18126020821107

Description

This exceptional investment opportunity presents a recently renovated (2023) Dollar General store in Spencer, Wisconsin. Located at 208 S Pacific St, this 9,014 square foot property sits on a 2-acre lot and boasts a strong 9.00% cap rate, generating a net operating income (NOI) of $55,620. The property features a corporate-guaranteed, Net Net (NN) lease with Dollar General, a credit-rated tenant with a significant market presence. The lease commenced June 13, 2006, and expires November 30, 2026, with five, 5-year options remaining, each including a 10% rent increase. The property benefits from a high average household income ($95,678) within a 5-mile radius and a lack of competing discount retailers. This is a single-tenant, 100% occupied retail building constructed in 2006, offering a secure and profitable investment with a low price point of $618,000. The property's strong tenant, favorable lease terms, and prime location make it an attractive addition to any portfolio. The location is in Marathon County, Wisconsin, zip code 54479.

Location Insight

City

Spencer

County

Marathon

State

Wisconsin

Latitude

44.7559

Longitude

-90.2942

CBSA code

48140

CBSA name

WAUSAU-WESTON, WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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