Leading National Dollar Store With BBB Credit
Dollar General is the largest small-box discount retailer with over 11,500 stores nationwide. They have a solid credit rating of BBB, which is considered stable by S&P. The store carries both name brand and generic merchandise at everyday low prices.
Rare Dense Metro Area For Dollar General
The subject site is located in the Metropolitan Milwaukee area, home to over 2 million residents, and it is in Racine proper, the 5th largest city in Wisconsin. Many Dollar Generals are strategically located in smaller communities that do not have accessibility to Big Boxes, thus enabling the company to thrive with minimal competition. This store differs from many others as it is in this dense area, making it a valuable asset not just for Dollar General, but for many other uses should the tenant ever leave.
Newly Renovated Building 2014
The building has been renovated to the latest specifications of Dollar General. Its impressive facade and central location on Douglas Avenue will be a draw for both the local population base as well as the daily traffic passing through into downtown Racine and the waterfront.
Excellent Market & Impressive Demographics
Dollar General is situated between the two affluent markets of Milwaukee and Chicago along Michigan Lake. The established city of Racine is the largest with in Wisconsin and has a population over 78,000 people.
The tenant is paying $6.11 Net per square foot, which is below the market by close to 50%. This rent would be easily achievable with most tenants should Dollar General ever leave the site.