126 E Main St - Retail FOR SALE


Palmyra, WI 53156
$1,303,703 USD
734-755-6359
126 E Main St, Palmyra, WI for Sale
$1,303,703 USD
Retail - FOR SALE
1/4
null | 6.75% Cap Rate

126 E Main St
Palmyra, WI 53156


HIGHLIGHTS

  • Zero Landlord Responsibilities
  • 5% RENTAL RATE INCREASES EVERY 5 YEARS!
  • 2022 BTS Upgraded Metro Construction
  • 4,708 Cars Per Day on E Main Street
  • Three Mile Household Income $83,075
  • Ten Mile Population 38,891

OVERVIEW

Fortis Net Lease is pleased to present this 7,500 SF Dollar General store located in Palmyra, Wisconsin. The property is secured with a Fifteen (15) Year Absolute NNN Lease, leaving zero landlord responsibilities. The lease contains 5% rental rate increases every 5 years including at each of the Five (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 has been open & operating successfully since November 2022. This Dollar General is highly visible and is strategically positioned on E Main Street which sees 4,708 cars per da, in between 2 gas stations. The ten mile population from the site is 38,891 while the three mile average household income is $83,075 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 a 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 largest small box retailer. List price reflects a 6.75% cap rate based on NOI of $87,999.96.

FOR SALE DETAILS

PRICE

$1,303,703 USD

PRICE/SF

$174 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General Plus

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

Commercial

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.