320 1st St - Retail FOR SALE


Glenwood City, WI 54013
$1,111,200 USD
414-273-4600
320 1st St, Glenwood City, WI for Sale
$1,111,200 USD
Retail - FOR SALE
1/1
null | 6.5% Cap Rate

320 1st St
Glenwood City, WI 54013


HIGHLIGHTS

  • Brand New 10-Year Corporate Lease
  • Corporate Guarantee by Investment-Grade Tenant
  • Recent Renovation with Modern Prototype
  • NNN Lease Structure with Minimal Landlord Responsibilities
  • Underserved Rural Market with No National Competition Nearby

OVERVIEW

New 10-Year NNN Dollar General | Glenwood City, WI Mid-America Real Estate is pleased to offer for sale a newly renovated Dollar General located at 320 1st Street in Glenwood City, Wisconsin. Set to open June 1, 2025, this 8,383-square-foot store operates under a fresh 10-year NNN lease backed by Dollar General Corporation (NYSE: DG), an investment-grade tenant with over 20,000 locations nationwide. Strategically positioned on a 1-acre parcel along WI-128, this freestanding building benefits from high visibility in a retail-starved market. The property serves as the only national discount retailer within a 5-mile radius, offering essential goods to surrounding rural communities. Recent renovations have converted a former Family Dollar into Dollar General’s latest store prototype, delivering operational efficiency and long-term appeal. The lease includes four (4) five-year extension options with 10% rent escalations at each term, offering built-in income growth. The landlord is responsible only for roof and structure, while the tenant handles taxes, insurance, and CAM. The lease also includes a strong exclusive-use clause, protecting against future competition within a one-mile radius. This offering presents investors with a low-basis, recession-resistant retail asset secured by a high-credit national tenant in an underserved trade area.

FOR SALE DETAILS

PRICE

$1,111,200 USD

PRICE/SF

$134 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2017

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,604 SF

ZONING

-

APN/PARCEL ID

231-1047-50-200

ASK ABOUT THIS PROPERTY

Dan RosenfeldMid-America Real Estate – Wisconsin, LLCMore Info
414-273-4600

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Dan RosenfeldMid-America Real Estate – Wisconsin, LLCMore Info
414-273-4600

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