108 E Ann St - Supermarket FOR SALE


Weyauwega, WI 54983
$1,616,041 USD
248-415-2636
108 E Ann St, Weyauwega, WI for Sale
$1,616,041 USD
Supermarket - FOR SALE
1/3
null | 7.75% Cap Rate

108 E Ann St
Weyauwega, WI 54983


HIGHLIGHTS

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

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,616,041 USD

PRICE/SF

$152 USD /SF

CAP RATE

7.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General Market

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Supermarket

ADD'L SUBTYPES

Drug Store, Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1969

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.1 AC

LAND SF

47,916 SF

ZONING

-

APN/PARCEL ID

35-04-81-28

ASK ABOUT THIS PROPERTY

Ashish VakhariyaMarcus & MillichapMore Info
248-415-2636

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

Ashish VakhariyaMarcus & MillichapMore Info
248-415-2636

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