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303 DOUGLAS DR, BROOKLYN, WI

74
Property size: +/- 1.02 AC
Structure: Bedrooms
Accommodation:
Heating:
$1,295,900
For Sale
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Features

DOLLAR GENERAL
303 DOUGLAS DR | BROOKLYN, WI
Brooklyn | $1,295,000

Cushman & Wakefield | BOERKE is pleased to offer for sale this portfolio of two Dollar General locations, the first in Brooklyn, WI and the second in Campbellsport, WI. Both properties were constructed in 2014 and have approximately seven (7) years remaining on their Absolute Net lease, providing an incoming investor with a passive investment with the largest retailer in the country. There are three (3) – five (5) year options at a 10% increase for both properties and the leases are guaranteed by Dollar General Corporation, which holds a credit rating of “BBB.”

 

INVESTMENT HIGHLIGHTS

  • 15 Year Absolute Net Lease (approx. 7 years remaining)
  • Strong Demographics compared to average Dollar General Store
  • No Landlord Responsibility
  • Dollar General Has 18,000+ Stores Nationwide
  • Investment Grade Credit

Address: 303 Douglas Dr, Brooklyn, WI

Price: $1,295,900

Cap Rate: 5.85%

Total Rent: $75,810

Lease Types: Absolute Net
Term: Approx. 7 Years Remaining

 

Brooklyn is located between the Wisconsin State Capitol, Madison, and Janesville. The location is just 20 miles north of Dollar General’s recent one million SF distribution center. Within 10 miles there are over 58,000 residents with household incomes over $95,000.

Building Size: +/- 9.002 SF
Parcel Size (AC): +/- 1.02 AC
Original Term: 15 Years
Start Date: 7/4/2014
End Date: 7/3/2029
Term Remaining: 6 years 11 months
Renewal Options: Three to five year options with a scheduled 10% rent increase at the beginning of each option

Location
Full Address: 303 Douglas Dr, Brooklyn, WI 53521, USA
Simple Address:
ZIP Code:
Country: US
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