SOLD: 3459 Springfield Rd. (Lake Geneva Dollar General)

Calibrate Real Estate is proud to announce another successful transaction of a Dollar General! The Buyers had recently sold an 8 unit apartment building with Calibrate earlier this year. It was a legacy asset which their family had owned for 20+ years and they were looking to complete a 1031 exchange.  Kyle went to work looking nationwide for the perfect property to fulfill all the Buyers needs.

When they found a 1031 NNN-leased property in Lake Geneva, the Buyer was attracted to this investment, because of the long-term lease (almost 14 years) at a cap rate of 5.45% compared to multifamily investments with shorter tenancy at a lower return. The Dollar General guarantee creates a steady investment for retirement income. This sale is the perfect example of our mission statement: “We exist to help people create generational wealth through real estate.”

Location:Lake Geneva, WI
Addresses: 3459 Springfield Rd.
Sale Date: June 29, 2022
Sale Price: $1,705,000
Lease Type: NNN

PROPERTY HIGHLIGHTS:

  • 14-Year Absolute Triple Net (NNN) Lease. Corporate Guaranteed Lease
  • Tenant Responsible For Maintenance, Taxes, Insurance
  • Guaranteed Lease by Dollar General Corporation

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