26469 Lakeland Ave S - Freestanding FOR SALE


Webster, WI 54893
$1,017,000 USD
678-808-2762
26469 Lakeland Ave S, Webster, WI for Sale
$1,017,000 USD
Freestanding - FOR SALE
1/3
null | 8.99% Cap Rate

26469 Lakeland Ave S
Webster, WI 54893


OVERVIEW

LOW RENT & PRICE POINT • The subject property has a low rent which equates to a low price point of $1,017,000. RECENTLY EXTENDED CORPORATE NN LEASE WITH DOLLAR TREE • This Family Dollar Tree has been operating at this location since 2013 and recently extended the lease for an additional 5 years. • Family Dollar exercised their first option period in July 2023 which extended the lease through June 2028 and increased the rent 10%. • There are over 4 years remaining on a corporate guaranteed NN lease with Dollar Tree. • This extension and rent increase speak to Family Dollar's confidence and dedication to this market & location. • Tenant is responsible for parking lot, taxes, Insurance, HVAC, and Utilities. • There are limited Landlord responsibilities which include Roof & Structure. • There are 10% rent increases in each of the remaining four, 5-year option periods. INVESTMENT GRADE TENANT • Dollar Tree/Family Dollar is a publicly traded (NYSE: DLTR) Fortune 500 company with an S&P investment grade credit rating of BBB. • Dollar Tree/Family Dollar operate 16,340+ stores across 48 states and five Canadian provinces. • Dollar Tree has been in business for 70 years and has a current net worth of over $33 billion. NEAR MINNEAPOLIS – SAINT PAUL | CAPITAL OF MN • Webster is located 1.5 hours north of Minneapolis – Saint Paul. • Minneapolis–Saint Paul is a metropolitan area in the Upper Midwestern United States centered around the confluence of the Mississippi, Minnesota and St. Croix rivers in the U.S. state of Minnesota • The area is Minnesota's economic, cultural, and political center and is commonly known as the Twin Cities. • The Minneapolis–Saint Paul area is home to 24 Fortune 1000 headquarters including United Health Group, Target, Best Buy and more. • The Twin Cities' economy is the nation's 13th-largest and ranks second in the Midwest after Chicago.

FOR SALE DETAILS

PRICE

$1,017,000 USD

PRICE/SF

$122 USD /SF

CAP RATE

8.99%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Family Dollar | Recent Lease Extension

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2013

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.6 AC

LAND SF

26,136 SF

ZONING

-

APN/PARCEL ID

07-191-2-39-16-08-5 15-042-146200

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.