Dollar General NNN — Spencer, WI

Updated November 5, 2026

$750,773 · 8.15% CAP · 5.1 YRS

2006 build-to-suit Dollar General at 208 S Pacific St in Spencer, about 9,428 SF on 1.09 acres, fee simple, with a 2023 interior remodel paid by the tenant. Asking $750,773, an 8.15% cap on $61,188 of rent that starts December 1, 2026; today's rent is $55,620, a 7.41% cap. Dollar General exercised its option early, running the term to November 2031, about 5.1 years, with four more 5-year options at 10% each. The lease is NN, not absolute, so confirm the landlord's roof and structure duties. Spencer is in Marathon County in central Wisconsin, near Marshfield.

Lease Abstract

Price

$750,773

Cap rate

8.15% CAP

NOI

$61,188

Term remaining

5.1 YRS

Lease type

NN

Increases

10% at each option

Options

4 x 5-year

Guarantee

Corporate

Building

9,428 SF

Lot

1.09 AC

Year built

2006

Renovated

2023

Listing information is deemed reliable but not guaranteed — pricing, cap rates, and lease terms are subject to change, prior sale, or withdrawal without notice.

Property Details

9,428 SF building, built 2006, renovated 2023, 1.09 acres of land. $80/SF asking, $6.49/SF NOI. Rent increases: 10% at each option. Renewal options: 4 x 5-year. Corporate guarantee. Primary term ends around 2031 (5.1 yrs left at listing, Nov 2026).

Location

Spencer, Wisconsin — 208 S Pacific St, Spencer, WI 54479. Full address and offering memorandum released on request — see our Dollar General tenant guide for the underwriting context.