- For Sale $1,111,200
- Property Type Retail - Freestanding
- Property Size 8,383 SF
- Lot Size 1 Acre
- Property Tenancy Single Tenant
- Year Built 2017
- Year Renovated 2025
- Date Updated Jun 12, 2025
Located in Glenwood City, Wisconsin, the property sits along WI-128 (1st Street), the city’s primary thoroughfare with direct access to U.S. Highway 12. Positioned just 45 miles northeast of the Twin Cities metro, Glenwood City serves as a retail hub for surrounding rural communities with limited shopping options. The site benefits from proximity to local schools, employers, and neighborhoods, making it a strategic location for essential retail.Mid-America Real Estate is pleased to offer for sale a newly renovated Dollar General located at 320 1st Street in Glenwood City, Wisconsin. Set to open June 1, 2025, this 8,383-square-foot store operates under a fresh 10-year NNN lease backed by Dollar General Corporation (NYSE: DG), an investment-grade tenant with over 20,000 locations nationwide.
Strategically positioned on a 1-acre parcel along WI-128, this freestanding building benefits from high visibility in a retail-starved market. The property serves as the only national discount retailer within a 5-mile radius, offering essential goods to surrounding rural communities. Recent renovations have converted a former Family Dollar into Dollar General’s latest store prototype, delivering operational efficiency and long-term appeal.
The lease includes four (4) five-year extension options with 10% rent escalations at each term, offering built-in income growth. The landlord is responsible only for roof and structure, while the tenant handles taxes, insurance, and CAM. The lease also includes a strong exclusive-use clause, protecting against future competition within a one-mile radius.
This offering presents investors with a low-basis, recession-resistant retail asset secured by a high-credit national tenant in an underserved trade area.
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Highlights
- Absolute triple-net lease structure with landlord responsible only for roof and structure. Tenant covers taxes, insurance, and CAM, ensuring long-term passive income.
- Attractive Entry Price and Yield
- Brand New 10-Year Corporate Lease
- Corporate Guarantee by Investment-Grade Tenant
- Dollar General has signed a new 10-year NNN lease commencing June 2025, featuring four (4) five-year renewal options with 10% rental escalations at each extension period.
- Exclusive Use Protection
- Lease guaranteed by Dollar General Corporation (NYSE: DG), an investment-grade tenant (S&P: BBB) with over 20,000 locations nationwide and trailing 12-month revenue exceeding $40 billion.
- NNN Lease Structure with Minimal Landlord Responsibilities
- Offered at $1,111,200 with a 6.50% cap rate and Year 1 NOI of $72,228, this opportunity provides strong yield and secure income backed by a recession-resistant tenant.
- Recent Renovation with Modern Prototype
- The building was fully renovated in 2025 to Dollar General’s latest store design, repositioning a former Family Dollar into an 8,383 SF efficient retail footprint.
- The lease includes a one-mile radius exclusive use clause protecting Dollar General from competitors such as Dollar Tree, Family Dollar, Walmart, and CVS, strengthening tenant performance.
- The property is the only national discount retailer within a 5-mile radius, providing essential goods to a rural population with limited access to retail alternatives.
- Underserved Rural Market with No National Competition Nearby
False
Contacts
Location
Getting Around
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Walk Score ®
21/100
Car-Dependent
-
Bike Score ®
14/100
Somewhat Bikeable
Powered by Walk Score ®
- City Glenwood City, WI
- Zip Code 54013
- Market Minneapolis St Paul
Points of Interest
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Cenex
6.97 miles
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BP
8.32 miles
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Kwik Trip
8.53 miles
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US 63 & WIS 64 (St. Croix Co)
7.69 miles
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Knights of Columbus Food Stand
0.12 miles
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Holy Cross Food Stand
0.12 miles
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Farm Bureau Food Stand
0.12 miles
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4-H Food Stand
0.14 miles
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Subway
6.98 miles
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Denny's
8.55 miles
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Nilssen's Foods
0.15 miles
Frequently Asked Questions
How much does Dollar General cost?
The space currently listed for sale at Dollar General asks for $1,111,200.
What is the total square footage of Dollar General?
Dollar General totals 8,383 square feet.
When was this property built?
Dollar General was built in 2017.
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Contact Listing Broker
Mid-America