Chicago & Midwest + Midwest + Net Lease | March 6, 2023

Dollar General in Wisconsin Trades to Local 1031 Buyer

Marcus & Millichap closed the sale of a 9,026-square-foot net-leased Dollar General property located in Osceola, WI. The asset sold for $1,106,500.

Associate Mitch Grant and first VP Nicholas Kanich, investment specialists in Marcus & Millichap’s Chicago Downtown office, marketed the property on behalf of the seller, a limited liability company based in Milwaukee. Todd Lindblom, Wisconsin broker of record, assisted in closing this transaction.

The Dollar General property is located at 928 240th St. in Osceola. The 1031-exchange buyer was local to the property and paid all-cash for the asset. Grant and Kanich garnered a number of offers and went from contract to close in 45 days.

“We are continuing to see solid activity on smaller price-point deals,” said Grant.

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Marcus & Millichap's Grant

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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