Map of Property

Dollar General

For Sale

320 1st Street, Glenwood City, WI 54013

This Glenwood City property for sale is located at 320 1st Street. The current listed sale price for Dollar General is $1,111,200. Dollar General is situated on a lot that is 1 acre in size.

Contacts

broker
Dan Rosenfeld

Mid-America

Property Details

  • 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 Apr 15, 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

  • Brand New 10-Year Corporate Lease
  • 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.
  • Corporate Guarantee by Investment-Grade Tenant
  • 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.
  • 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.
  • NNN Lease Structure with Minimal Landlord Responsibilities
  • Absolute triple-net lease structure with landlord responsible only for roof and structure. Tenant covers taxes, insurance, and CAM, ensuring long-term passive income.
  • Exclusive Use Protection
  • 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.
  • Underserved Rural Market with No National Competition Nearby
  • 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.
  • Attractive Entry Price and Yield
  • 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.

Getting around

  • 21/100

    Walk Score ®

  • 14/100

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Location

  • City Glenwood City, WI
  • Zip Code 54013
  • Market Minneapolis St Paul

Points of Interest

  • Cenex

    6.97 miles

  • BP

    8.32 miles

  • Kwik Trip

    8.53 miles

  • US 63 & WIS 64 (St. Croix Co)

    7.69 miles

  • Knights of Columbus Food Stand

    0.12 miles

  • Holy Cross Food Stand

    0.12 miles

  • Farm Bureau Food Stand

    0.12 miles

  • 4-H Food Stand

    0.14 miles

  • Subway

    6.98 miles

  • Denny's

    8.55 miles

  • Nilssen's Foods

    0.15 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Dan Rosenfeld

Mid-America

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