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7775 US Highway 2, Iron River, WI, 54847

Family Dollar (Dark)

$1,062,211

Key Information

Cap Rate
9.5%
$ per SF
$127
Tot. SF
8,359
Lot Size
1.16 Acres
Year Built
2013
Term Remaining
± 3 Years
Type
Retail
NOI
$100,910

Highlights

• Absolute NNN (Dark Store) — This property features an Absolute NNN lease with zero landlord responsibilities, offering 100% passive income. Due to the fact the location is currently “dark,” a prospective purchaser benefits from steady rental cash flow while evaluating future value-add repositioning or backfill strategies.
• Corporate Tenant — The lease is signed by Family Dollar Stores of Wisconsin, Inc., Family Dollar operates over 7,100 locations across the country with a reported revenue of ~$13B in the last Fiscal Year. Despite the store being dark, the tenant remains contractually obligated to fulfill all financial responsibilities, including rent, real estate taxes, insurance, and property maintenance throughout the remainder of the lease term.
• Passive Value-Add Investment — This asset represents an ideal play for an investor seeking high-yield, low-risk corporate income in the short term, paired with the long-term upside of inheriting a well-maintained, freestanding commercial building.
• Dominant Highway Frontage Along US-2 — The asset is situated directly on the southeastern corner of US Highway 2 and Marion Street. The parcel maintains roughly 160 feet of direct exposure along US-2, a crucial cross-state transit corridor logging a solid local count of 5,900 vehicles per day.
• Tourism in Bayfield County – Bayfield County is one of the strongest visitor economies in the state relative to its size. Tourism generates an estimated $100 million in annual revenue countywide, and roughly one in four area residents works in the tourism industry — a durable, recurring stream of seasonal and year-round demand that supports lodging, food and beverage, retail, fuel, and recreation businesses.

Photos

Location

Agents

Broker of Record

Matt Fitzgerald

License # 51983-90, 938105-91 (WI)
Matthews Real Estate Investment Services, Inc
600 West End Ave, Ste. 1500 Nashville, TN 37203