DT – Kaukauna, WI

$1,462,255
Price
$97,240
Noi
6.65%
Cap Rate
9,543
Leasable Area
2018
Year Built

Fortis Net Lease is pleased to present this 9,543 SF Dollar Tree store located in Kaukauna, WI. The property is encumbered with a Ten (10) Year NN Lease, leaving limited landlord responsibilities. The lease contains Four (5) Yr. Options to renew, each with a $0.50/SF rental rate increase. The lease is corporately guaranteed by Dollar Tree Corporation which holds a credit rating of “BBB-” , which is classified as Investment Grade. The store is under construction and scheduled to be delivered to the tenant on 1/11/2019.

This Dollar Tree is highly visible as it is strategically positioned in Kaukauna. The five mile population from the site exceeds 64,000, while the one mile average household income exceeds $80,500 per year, making this location perfect for a Dollar Tree. The site benefits from being positioned on a street that sees 8,800 cars per day. 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 Tree. This investment will offer a new owner continued success due to the financial strength and the proven profitability of the tenant, one of the nation’s top dollar store. List price reflects a 6.65% cap rate based on NOI of $97,240.

• Brand New 10 Year NN Lease
• Limited Landlord Responsibilities
• Located at the South Entrance to Riverdale Shopping Center | Last Available Riverdale Shopping Center Parcel
• Nearby National Tenants include Goodwill, Piggly Wiggly, Walgreens Anytime Fitness and Ace Hardware
• 10 Year Term | Four (5 Year) Options
• 3.16% Five Mile Population Growth
• 8,800 Cars Per Day
• One Mile Household Income $80,567
• Five Mile Population Exceeds 64,000
• Five Mile Consumer Spending in Excess of $660 Million

Instate Broker of Record: Wayne A. Sobczak | Realty World | License #: 471-000681

CONTACT US REGARDING THIS LISTING

BRYAN BENDER

Partner

Ben Schultz

Senior Director

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