106 9th St - Freestanding FOR SALE


Brodhead, WI 53520
$1,973,000 USD
678-808-2762
106 9th St, Brodhead, WI for Sale
$1,973,000 USD
Freestanding - FOR SALE
1/8
null | 6.6% Cap Rate

106 9th St
Brodhead, WI 53520


HIGHLIGHTS

  • 14 YEAR CORPORATE NNN LEASE WITH RENT INCREASES IN INITIAL TERM
  • NEW CONSTRUCTION 12,668 SF DOLLAR GENERAL
  • MADISON MSA | 2ND MOST POPULOUS & FASTEST GROWING CITY IN WISCONSIN
  • INVESTMENT GRADE TENANT (S&P: BBB) WITH 21,000 LOCATIONS

OVERVIEW

14 YEAR CORPORATE NNN LEASE WITH RENT INCREASES IN INITIAL TERM • This property features has 14 years remaining on a 15-year corporate guaranteed NNN lease with Dollar General with 5% rent increases every 5 years. • Tenant is 100% responsible for all expenses including parking lot, taxes, insurance, roof and structure. • There are 5% rent increases in each of the five, 5-year option periods. NEW CONSTRUCTION 12,668 SF DOLLAR GENERAL • 12,668 SF upgraded construction Dollar General located in Broadhead, WI. • The subject property is open and rent commenced in January 2024. MADISON MSA | 2ND MOST POPULOUS & FASTEST GROWING CITY IN WISCONSIN • Brodhead is located in the Madison MSA which is the second largest and fastest growing city in Wisconsin. • The Madison MSA has experienced significant employment growth, with a 3.8% increase above 2019 levels as of September 2024. • The trade, transportation, and utilities sector is the largest in the MSAs, accounting for 17.5% of total employment in 2023. The education and health services sector follows closely, representing 16.8% of employment. • The Madison MSA has the highest Per Capita Personal Income in Wisconsin, indicating a prosperous regional economy that benefits surrounding communities like Brodhead. • The Madison, WI area is home to major companies including American Family Insurance Group ($17B in revenue), Exact Sciences ($10.44B market cap), CUNA Mutual Group ($5.2B in revenue), Alliant Energy ($4.2B in revenue), and Epic Systems (privately held, major healthcare software provider), showcasing its strong economic foundation and diverse industry presence. • Madison, WI is home to University of Wisconsin–Madison (47,000+ students), Madison Area Technical College (approximately 30,000 students), and Edgewood College (2,000+ students). BRODHEAD, WI • Located on Wisconsin Highway 11 (5,500 VPD). • Positioned near newer construction homes adjacent to the store averaging $320K in value. • There are 2,542 households in a 5 mile radius. • The 5 mile average household income is $75,054 which is superior to most rural Dollar General Locations. • To major local manufacterers Kuhn (400 employees) and Stoughton (425 employees) operate near this store. INVESTMENT GRADE TENANT (S&P: BBB) WITH 21,000 LOCATIONS • Dollar General is a publicly traded (NYSE: DG) Fortune 500 company with an S&P investment grade credit rating of BBB. • Currently over 21,000 locations and plans to open 750 stores in 2025. • Dollar General has been in business for 80 years and has a current net worth of over $18.16B

FOR SALE DETAILS

PRICE

$1,973,000 USD

PRICE/SF

$156 USD /SF

CAP RATE

6.6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.45 AC

LAND SF

106,722 SF

ZONING

-

APN/PARCEL ID

625-001251

ASK ABOUT THIS PROPERTY

Don McMinnMarcus & MillichapMore Info
678-808-2762

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Don McMinnMarcus & MillichapMore Info
678-808-2762

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.