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880 Spruce St
Baldwin, WI 54002
NNN | Dollar General | Baldwin, WI · Retail Property For Sale

Investment Highlights

  • RECENT LEASE EXTENSION EXERCISED | COMMITMENT THROUGH 2031
  • ABSOLUTE NNN LEASE WITH ZERO LANDLORD RESPONSIBILITIES
  • TOP 8% OF WISCONSIN DOLLAR GENERAL LOCATIONS | PLACER.AI

Executive Summary

**RECENT LEASE EXTENSION EXERCISED | COMMITMENT THROUGH 2031**
- Dollar General recently exercised its first five-year lease extension, extending the lease through December 2031 and demonstrating continued commitment to the location after more than 13 years of successful operation.
**TOP 8% OF WISCONSIN DOLLAR GENERAL LOCATIONS | PLACER.AI**
- According to Placer.ai, the store ranks within the top 8% of all Dollar General locations in Wisconsin by foot traffic, providing meaningful third-party validation of store productivity and site performance.
**ABSOLUTE NNN LEASE WITH ZERO LANDLORD RESPONSIBILITIES**
- The property is leased on an Absolute NNN basis with no landlord obligations, creating a passive ownership structure and predictable cash flow stream.
**INVESTMENT-GRADE TENANT**
- Dollar General Corporation operates more than 20,000 locations nationwide and maintains an investment-grade BBB credit rating from S&P, providing investors with credit-backed income from one of the country's most recognized discount retailers.
**AFFLUENT TWIN CITIES COMMUTER TRADE AREA**
- The property serves a trade area with average household income of approximately $108,000 within five miles and benefits from its position within the broader Minneapolis-St. Paul commuter corridor, one of the largest and most economically diverse regions in the Midwest.
**NECESSITY-BASED RETAILER | PERFORMANCE ACROSS ECONOMIC CYCLES**
- Approximately 80% of Dollar General's sales are generated from consumable and non-discretionary merchandise categories, supporting consistent customer demand regardless of broader economic conditions.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,026 SF
Building Class
B
Year Built
2012
Price
$1,709,993 CAD
Price Per SF
$189.45 CAD
Cap Rate
8%
NOI
$136,799 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
1.23 AC

Property Taxes

Property Taxes

Parcel Number
106-2003-95-112
Land Assessment
$212,923 CAD
Improvements Assessment
$1,303,057 CAD
Total Assessment
$1,515,981 CAD
  • Listing ID: 40878844

  • Date on Market: 2026-06-11

  • Last Updated:

  • Address: 880 Spruce St, Baldwin, WI 54002

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