Address: 619 Depere Road, Denmark, Wisconsin, United States 54208
Type: Net Leased Dollar Store
Cap Rate: 6.50%
Lease Type: Triple-Net (NNN)
Annual Rent: $88,457
Net Operating Income: $88,457
Lease Term Remaining: 14.8 Years
Rental Increases: 10% Every 5 Years, Starting Year 11
Options: Six, Five Year Tenant Options
Rentable Sq/Ft: 8,320 SF
Rent Sq/Ft: $10.63
Price Sq/Ft: $164
Lot Size: 1.15 Acres
Marcus & Millichap is pleased to present the exclusive listing for Family Dollar located at 619 Depere Road in Denmark, Wisconsin. The property made up of a 8,320 square feet building and is situated on approximately 1.15 acres of land. This Family Dollar Property is subject to a 15-year triple-net (NNN) lease. The rent commenced on July 4th 2017 and the current annual rent is $88,457. The lease is subject to ten percent rental increases every five years, which will begin in Year 11. The rental increases will continue through the six, five-year tenant renewal options.
This Family Dollar Property is located at 619 Depere Road in Denmark, Wisconsin. Denmark is a town in Brown County and part of the Green Bay Metropolitan Statistical Area.
The subject property benefits from its strategic location in a residential and retail corridor with both local and national tenants. Major national tenants in the area include McDonald’s, Subway and The Bank of Montreal. Nearby Interstate 43 provides easy access to Green Bay, which is located just under 13 miles away. Denmark High School is located one mile from the subject property and currently enrolls over 470 students.
There are approximately 3,500 individuals residing within a three-mile radius of the property and more than 5,500 individuals within a five-mile radius. The subject property is located on Depere Road, which sees an average daily traffic count of 6,100 vehicles. Depere Road intersects Interstate 43, which sees an average daily traffic count of 22,300 vehicles
Denmark, Wisconsin is located in eastern Wisconsin, just south of the Door Peninsula, which separates Green Bay from Lake Michigan. Denmark has been described as a steadily growing, full service community characterized by its charm and its diversity of landscape. Ideally situated between Green Bay to the north and Manitowoc to the south, Denmark continues to grow due to its location. The town is close to a number of nationally recognized medical facilities including: Aurora BayCare Medical Center, Bellin Health – Hospital Center and St. Vincent Hospital. Likewise the town is located near a number of colleges/universities such as: Northeast Wisconsin Technical College (Green Bay), the University of Wisconsin – Green Bay and St. Norbert College in DePere, WI. In addition there are almost one hundred commercial businesses or establishments in or near the village meeting the needs of both residents and visitors. Economically, Denmark offers a low tax rate, commercial property lot availabilities, low crime rates and an excellent quality of life.
Broker of Record: Todd Lindblom – License # 56163