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Dollar General Market 108 E Ann St

10,659 SF Retail Building Weyauwega, WI 54983 $2,272,800 CAD ($213 CAD/SF) 7.75% Cap Rate

Investment Highlights

  • Brand New Dollar General Market | Renovation of Existing Structure (Former IGA)
  • Triple-Net Lease Structure | Limited Landlord Responsibilities
  • Limited Competition in the Marketplace | Nearest Dollar Store: 8 Miles Away | Nearest Grocery Store: 10 Miles Away
  • 10-Year Lease | Lease to Commence January 2025 | (4) 5-Year Options with 10% Rent Increases
  • Strategic Location: the Only Dollar Store & Grocery Store to Serve Local Residents & Visitors in Weyauwega
  • Quick Access to US-10 (19,500 VPD) | Arterial Highway Connecting to Eastern & Western Borders of Wisconsin

Executive Summary

Marcus & Millichap is pleased to present this brand new Dollar General Market located at 108 E Ann Street in Weyauwega, Wisconsin. The 10,659-square-foot building is undergoing a renovation of the existing structure, and is expected to be delivered in December 2024, with a 10-year lease commencing in January 2025. The corporately guaranteed triple-net lease offers limited landlord responsibilities, and features four five-year renewal options, each containing a 10 percent rent increase.
Dollar General Corporation (NYSE: DG) is proud to serve as America’s neighborhood general store. Founded in 1939, Dollar General lives its mission of serving others every day by providing access to affordable products and services for its customers, career opportunities for its employees, and literacy and education support for its hometown communities. There are over 20,000 Dollar General, DG Market, DGX, and pOpshelf stores across the United States, along with Mi Súper Dollar General stores in Mexico.
The subject property is well-positioned on E Ann Street at the corner of N Mill Street (5,600 VPD), with quick and easy access to US-10 (19,500 VPD). US-10 is an arterial highway that runs east-to-west across the entire state of Wisconsin. This Dollar General Market will benefit from its ability to serve local residents and visitors as Weyauwega’s only dollar store and grocery store. There are two dollar stores within eight miles of the property, and the nearest grocery store is 10 miles away.
Weyauwega is a city located in Waupaca County, Wisconsin. This rural community is nestled in the heart of Central Wisconsin River Country, built around the 250-acre Lake Weyauwega, making it a popular destination for outdoor enthusiasts. The city is near the Chain O’ Lakes, a series of interconnected lakes that offer excellent opportunities for fishing, boating, and other water-based activities. Established in the mid-19th century as a trading hub, the city’s downtown area retains much of its historical charm, with well-preserved buildings and local businesses that contribute to its unique character. Weyauwega is served by the Weyauwega-Fremont School District, which has an enrollment of approximately 963 students.
There are over 53,653 residents with an average household income exceeding $84,000 within five miles of this asset. The area’s population is expected to grow by 1.4 percent over the next five years, and the median household income is projected to increase by 17.4 percent.

Data Room Click Here to Access

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Supermarket
Building Size
10,659 SF
Building Class
C
Year Built
1969
Price
$2,272,800 CAD
Price Per SF
$213 CAD
Cap Rate
7.75%
NOI
$176,142 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.22
Land Acres
1.10 AC

Amenities

  • Signage

MAJOR TENANTS Click Here to Access

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Dollar General Market
  • Retailer
  • 99,999 SF
  • -
  • Lorem Ipsum
  • -
Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Dollar General Market Retailer 99,999 SF - Lorem Ipsum -
  • Listing ID: 33314004

  • Date on Market: 2024-09-26

  • Last Updated:

  • Address: 108 E Ann St, Weyauwega, WI 54983

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