710 Elm St - Freestanding FOR SALE


Boscobel, WI 53805
$710,000 USD
312-624-7018
710 Elm St, Boscobel, WI for Sale
$710,000 USD
Freestanding - FOR SALE
1/4
null | 8.49% Cap Rate

710 Elm St
Boscobel, WI 53805


HIGHLIGHTS

  • Double Net Lease – Minimal Landlord Responsibilities
  • Recently Remodeled Interior of the Store
  • Tenant Recently Exercised First, Five-Year Renewal Option
  • 5.1 Years Remaining on First Renewal Option With Three Renewal Options Remaining
  • 10 Percent Rental Increases in Each Renewal Option to Offset Inflation
  • Low Rent per Square Foot — Under $7 PSF — Strong Credit Tenant

OVERVIEW

Marcus & Millichap is pleased to offer for sale a fee simple interest in a 9,014-square-foot building located at 710 Elm St., Boscobel, WI 53805 (the Property), in which Dollar General has just over five years remaining on their exercised lease option. The lease also features three, five-year renewal options, with 10 percent increases at the beginning of each option to offset inflation. The Property sits on a 0.71-acre parcel with a concrete parking lot and is strategically located in southwest Wisconsin, a little west of Madison, on U.S. Route 61, a major north-south route running from Minnesota through Louisiana. Neighbors include a BP fuel station and c-store, Subway, A&W Restaurant, Kwik Trip fuel station and c-store, Edward Jones, Piggly Wiggly, Emplify Health Boscobel Area Hospital, Family Dollar | Dollar Tree combo store, Bumper to Bumper, Casey’s, and NAPA Auto Parts.

FOR SALE DETAILS

PRICE

$710,000 USD

PRICE/SF

$79 USD /SF

CAP RATE

8.49%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Convenience Store, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

31

LAND DETAILS

LAND ACRES

0.71 AC

LAND SF

30,928 SF

ZONING

-

APN/PARCEL ID

206-01005-0000

ASK ABOUT THIS PROPERTY

Mitch GrantMarcus & MillichapMore Info
312-624-7018

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Mitch GrantMarcus & MillichapMore Info
312-624-7018

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