131 Howard Ln - Oconto | $1,200,000
Prime Dollar Tree Investment Opportunity
Location: Oconto, Wisconsin
Property Type: Retail
Subtype: Grocery Store (Dollar Tree)
Investment Type: Net Lease
Class: A
Lease Type: NNN
Tenant Credit: Corporate Guarantee
Tenancy: Single
Brand/Tenant: Dollar Tree
Lease Expiration: 03/30/2027
Remaining Term: 3 years
Square Footage: 8,550
Price/Sq Ft: $140.35
Cap Rate: 6.59%
Occupancy: 100%
Occupancy Date: 03/01/2020
NOI: $79,088
Year Built: 2020
Buildings: 1
Stories: 1
Zoning: Commercial
Lot Size (acres): 1.03
Parking (spaces): 30
Rent Bumps: $.50/SF in Options 2,3,4
Broker Co-Op: Yes
Lease Options: Four, 5-Year Options
Ground Lease: No
Ownership: Fee Simple
Sale Condition: 1031 exchange
Marketing Description: Trillium Commercial Realty presents this exceptional investment opportunity: a 8,550 sqft Dollar Tree store in Oconto, Wisconsin. Boasting a 7-year modified NNN lease with only roof & structure responsibilities for the landlord, this property offers stability and passive income. With a corporate guarantee from Dollar Tree Inc., rated "BBB" by S&P, this investment is secure. Strategically positioned in Oconto, near major retail drivers, including McDonald's and Kwik Trip, the property ensures high visibility and traffic. Featuring newer construction and pandemic-proof tenancy, this Dollar Tree investment promises continued success. Contact Jake Tanner at 715-456-5923 for more information.
Purchase Price: $1,200,000
View on Crexi: Click Here
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