Available For Sale - Retail

10,601 SF | Show Pricing $

Retail Space in Tomahawk for sale

AVAILABILITY DETAILS

Size
10,601 SF
Price/SF
Show Pricing $
Listing ID
SA481544
Notes
Description

Lee & Associates is pleased to exclusively offer for sale the fee simple interest (land & building) in a retail investment property located in the city of Tomahawk, WI (the “Property”). The Property consists of a 10,601-square-foot retail building that sits on an approximately half-acre parcel.

The subject property is leased to Dollar General (NYSE: DG; S&P: BBB), the largest dollar store in the U.S. by revenues, delivering everyday low prices on items that are frequently used and replenished, such as food, snacks, health and beauty aids, cleaning supplies, basic apparel, housewares, seasonal items, paper products and much more at everyday low prices in convenient neighborhood locations. Dollar General is a $33+ billion, Fortune 119 company with 158,000+ employees, operating 17,177 stores in 46 states in the continental United States (as of 1/29/2021).

The new 10-year double-net (NN) lease commenced in late-August 2021, and features rent increases every five years in the Primary Term and (4) 5-year renewal options, providing an investor with a newly renovated property leased by an investment grade credit tenant. The property is a new relocation store for Dollar General and was built to reflect Dollar General’s latest expanded grocery and home décor store concept. Dollar General is heavily invested in this new location as they spent roughly $500,000 in tenant improvements.

The subject property is located on the hard corner intersection of N. 4th Street & W. Somo Ave/Hwy 86, providing ample off-street parking excellent access. W. Somo Ave/Hwy 86 is the main travel corridor to/from WI State Route 51, for quick access to Wausau just 40 miles to the south.

The subject property is located within Tomahawk, WI, in northern Wisconsin. The property is ideally located in a centralized position within Tomahawk’s downtown core, offering strong retail synergy with nearby tenants such as Associated Bank, US Post Office, Gerber Collision, Dairy Queen, and Tomahawk Community Bank. Additionally, the Property is located mere blocks from Tomahawk city offices: City of Tomahawk, Tomahawk Fire & Police departments.

Located at the confluence of the Wisconsin, Tomahawk and Spirit rivers, Tomahawk is a lively community offering small-town charm and a full array of shops, restaurants, and businesses. Tomahawk is an angler’s paradise, providing some of Wisconsin’s best fishing for everything from smallmouth bass to musky. ATV’ers and mountain bikers love the forestlands surrounding the community, and the area is also a popular destination for hunting.

Tomahawk is located within Lincoln County, the 12th-largest county in the state. It has a low unemployment rate of 3.9% (July 2021), and the area is projected to see 35.3% growth over the next 10 years. The county’s economy is supported by the Manufacturing, Retail Trade, and Health Care industries, with top employers Harley-Davidson, Northwestern Mutual, Cognizant Technology Solutions, and the Marshfield Clinic.
Uses
Retail

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
Ryan Bennett, Lee & Associates