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Views: 129 DOM: 171 Updated: 12.16.24 Posted: 07.03.24 Status: Active

Summary

Price $2,279,459
Built/Renov 2024
Tenant Dollar General
Cap Rate 6.25%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 10,566
Lease Start 09-11-2024
#Units 19,986
Price/SF $215.74
Expiration 09-30-2039
Tenant Type Dollar/Discount
NOI $142,496
R. Term 14.9
Ownership Fee Simple
Rent/SF $13.49
Increases 5.0%/5/yrs
Pop 5Mi 625
Lot/AC 2.65
Options 5/5yrs/5%
AHHI 5Mi $83,747

Lease Highlights

  • Brand new 2024 construction
  • New 15-year lease with 5 (5-year) options to extend
  • The lease features 5% rental increases throughout the initial term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

Dollar General is strategically located on 321st Avenue, with access to 1,059 vehicles passing daily. The property is conveniently situated near Mille Lacs Lake, Minnesota’s second-largest inland lake, renowned for its Walleye, Muskie, Northern Pike, and Smallmouth Bass fishing. Additionally, this location enjoys limited competition with the nearest grocery store more than 15 miles away. The...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Dollar General Corporation (NYSE: DG) is an American chain of  variety stores . The stores deliver everyday low prices on items including food, snacks, health, and beauty aids, cleaning...


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Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 91 327 645
2024 Total Population : 88 316 625
2024 Employed Civilian Pop : 34 124 244
2024 Total Businesses : 13 14 18
2024 Average Household Income : $ 83,944 $ 83,925 $ 83,747
2024 Total Consumer Spending : $ 3 M $ 11 M $ 22 M
2024 Median Age : 62 62 61
2024 Total Households : 48 156 297
2024 Pop Age 25+: Bachelor's Degree : 8 30 60
2024 Average Home Value : $ 359,783 $ 362,681 $ 374,628
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
MN 47 320th Ave 2022 1,008 0.10 mi
320th Ave 220th St 2012 10 0.15 mi
220th St 320th Ave 2016 570 0.38 mi
MN 18;MN 47 215th Ln 2021 1,192 0.53 mi
310th Avenue Co Hwy 38 2022 316 1.16 mi
220th Street Cem Rd 2022 418 1.31 mi
State Hwy 18 326th Ave 2016 1,400 1.65 mi
State Hwy 18 327th Pl 2006 1,000 1.81 mi
310th Ave 195th Ln 2006 209 2.61 mi
State Highway 47 Willow Rd 2018 1,450 2.63 mi

Listing Broker

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