1105 E Bluff Rd - Retail FOR SALE


Whitewater, WI 53190
$1,474,844 USD
734-755-6359
1105 E Bluff Rd, Whitewater, WI for Sale
$1,474,844 USD
Retail - FOR SALE
1/4
null | 6.75% Cap Rate

1105 E Bluff Rd
Whitewater, WI 53190


HIGHLIGHTS

  • 5% RENTAL RATE INCREASES EVERY 5 YEARS
  • Only 2 Miles from The University of Wisconsin - Whitewater
  • Upgraded Architectural Design
  • Roundabout Corner Location | 7,740 ADTC
  • 2 Points of Ingress/Egress | Accessible from 2 Streets
  • Limited Competition Area | Next Dollar Store 9 Miles Away

OVERVIEW

Fortis Net Lease is pleased to present this new 10,640 SF. Dollar General Plus store located in Whitewater, Wisconsin. The property is secured with a 15 year Absolute NNN Lease leaving zero landlord responsibilities. The lease contains 5% rental rate increases every 5 years including at each of the 5 (5 year) options to renew, each with a 10% rental rate increase. The lease is corporately guaranteed by Dollar General Corporation which holds a credit rating of “BBB”, which is classified as Investment Grade. The store is currently open & operating successfully with rent having commenced in March 2023. This Dollar General is highly visible as it is strategically positioned on the roundabout corner of Elkhorn Road & Bluff Road which sees 7,740 cars per day. It sits in a limited competition area with the next dollar store 9 miles away. Only 2 miles from the store is the campus for The University of Wisconsin-Whitewater. The ten mile population from the site is 40,581 while the three mile average household income $59,855 per year, making this location ideal for a Dollar General. The Subject offering represents an ideal opportunity for a 1031 exchange buyer or a “passive” investor to attain the fee simple ownership of Dollar General. This investment will offer a new owner continued success due to the financial strength and the proven profitability of the tenant, the nation’s top dollar store. List price reflects a 6.75% cap rate based on NOI of $99,552.

FOR SALE DETAILS

PRICE

$1,474,844 USD

PRICE/SF

$139 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

University of WI Dollar General Plus w/Bumps!

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.83 AC

LAND SF

79,715 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Bryan BenderFortis Net LeaseMore Info
734-755-6359

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Bryan BenderFortis Net LeaseMore Info
734-755-6359

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