1455 N Acres Rd - Freestanding FOR SALE


Prescott, WI 54021
$1,966,303 USD
317-218-5329
1455 N Acres Rd, Prescott, WI for Sale
$1,966,303 USD
Freestanding - FOR SALE
1/1
null | 7.25% Cap Rate

1455 N Acres Rd
Prescott, WI 54021


HIGHLIGHTS

  • Brand-New 2024 Build-to-Suit Construction
  • Estimated Delivery of June 17, 2024 | Lease Commences on the Earlier of 120 Days from the Delivery Date or the Date the Tenant Opens
  • Full 10-Year Lease Term
  • Modified Triple Net Lease | Landlord Responsible for the Roof & Structure
  • Four, Five-Year Renewal Options Available
  • Rent Increases in each of the Four, Five-Year Renewal Options Providing Rent Growth & Hedge Against Future Inflation

OVERVIEW

Marcus & Millichap is pleased to present the Dollar Tree located in Prescott, Wisconsin. The 10,004 square foot building is positioned on about 1.07 acres of frontage along North Acres Road. U.S. Highway 10 runs directly in front of the property and is the main thoroughfare in Prescott. Prescott is 33 miles outside of Minneapolis, home to more than 425,000 people. Dollar Tree signed an original ten year lease, that is estimated to commence on October 15, 2024, which leaves a future investor with a full lease term. Dollar Tree’s lease is classified as modified triple net, with the Landlord being responsible for the roof and structure. There are four, five-year renewal options with rent increases in each option, providing rent growth and a hedge against future inflation. Dollar Tree has more than 15,280 locations and is publicly traded on the New York Stock Exchange under the ticker symbol “DLTR”.

FOR SALE DETAILS

PRICE

$1,966,303 USD

PRICE/SF

$197 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar Tree

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.07 AC

LAND SF

46,609 SF

ZONING

C

APN/PARCEL ID

271-01150-1411

ASK ABOUT THIS PROPERTY

Nathan WhalenMarcus & MillichapMore Info
317-218-5329

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

Nathan WhalenMarcus & MillichapMore Info
317-218-5329

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