208 Pacific StSpencer, WI 54479

This exceptional investment opportunity presents a newly renovated (2023) Dollar General store located at 208 S Pacific St, Spencer, WI 54479. The property boasts 9,014 square feet on a 2-acre lot and features a strong, corporately guaranteed lease with a credit-rated tenant (BBB, S&P). The current lease, commencing June 13, 2006, and expiring November 30, 2026, offers five, 5-year lease options, each with a 10% rent increase. The property enjoys 100% occupancy and generates a substantial net operating income (NOI) of $55,620, resulting in an attractive 8.75% cap rate. The asking price is $635,657. The property benefits from a strong surrounding community, with an average household income exceeding $95,678 within a 5-mile radius and a lack of competing discount retailers. This is a rare opportunity to acquire a high-performing, essential retail asset with a long-term lease and significant upside potential. The building was constructed in 2006 and is classified as a convenience store, grocery store, and pharmacy/drug store. The lease is a Net Net (NN) lease. Dollar General's significant market capitalization (approximately $30 billion) and extensive network of approximately 20,000 locations further solidify the investment's strength and long-term viability. This property represents a compelling investment opportunity due to its strong tenant, favorable lease terms, and high-performing financial metrics.