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DOM: 265 Updated: 05.08.25 Posted: 08.20.24 Status: Active

Summary

Price $2,264,088
Built/Renov 2024
Tenant Dollar General
Cap Rate 6.50%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 10,640
Lease Start 11-10-2024
#Units 19,986
Price/SF $221.30
Expiration 11-30-2039
Tenant Type Dollar/Discount
NOI $147,166
R. Term 14.6
Ownership Fee Simple
Rent/SF $13.83
Increases 5.0%/5/yrs
Pop 5Mi 4,765
Lot/AC 1.72
Options 5/5yrs/5%
AHHI 5Mi $104,948

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 Parker Avenue West, with access to 7,900 vehicles passing by daily. Nearby tenants include Casey’s, MN Fitness 24/7, Perennial Bank, Dassel Liquor Store, Red Rooster Foods, and more. The 5-mile trade area supports a population of 4,765 residents with an affluent average household income of $104,948. Dassel, a city in Meeker County, Minnesota, had a...

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Maps

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  • 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 supplies,...


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Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 1,747 2,983 4,767
2024 Total Population : 1,679 2,932 4,765
2024 Employed Civilian Pop : 823 1,464 2,379
2024 Total Businesses : 84 105 158
2024 Average Household Income : $ 95,942 $ 100,676 $ 104,948
2024 Total Consumer Spending : $ 55 M $ 98 M $ 165 M
2024 Median Age : 39 40 41
2024 Total Households : 645 1,099 1,790
2024 Pop Age 25+: Bachelor's Degree : 175 336 581
2024 Average Home Value : $ 314,773 $ 344,429 $ 371,005
*ESRI data is presented for informational purposes only

Listing Broker

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Deb Vannelli

Upland Real Estate Group, Inc.

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  • 72 Listings
  • 12785 Views
  • 15 Sold
Amanda Leathers

Upland Real Estate Group, Inc.

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  • 72 Listings
  • 12785 Views
  • 15 Sold

Deborah Vannelli began her commercial real estate career over twenty-five years ago. Today, Deb is the Director of Net Lease Sales in the Minneapolis-based Upland Real Estate Group, Inc., and she has led her team to complete in excess of 900 net lease sales transactions, which have generated over $2.8 billion. Deb specializes in net lease investment sales on a national scale, representing buyers, sellers, and tenants on the sale or purchase of single and multi-tenant, net-leased investment p

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Amanda Leathers has over sixteen years of experience working in net lease sales with a highly motivated and successful team. As an Investment Sales Associate, she has contributed in the completion of over 900 transactions, totaling in excess of $2.8 billion in investment sales nationally. Amanda attended St. Cloud State University, graduating with a Bachelor of Science in Real Estate from the Herberger Business School. Most of her professional career has been at Upland, giving her a unique o

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Keith Sturm

Upland Real Estate Group, Inc.

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  • 72 Listings
  • 12785 Views
  • 15 Sold

With over 25 years of experience in commercial real estate, Keith Sturm is the Principal and CEO of Upland Real Estate Group, Inc, which he founded in 1995. Under his leadership, Upland has been consistently recognized as one of the top commercial real estate brokerage firms by the Minneapolis/St. Paul Business Journal. Keith has also been awarded the “Power Broker” in four out of five years since 2010, as a Top Brokerage Firm in Sales Transactions by Real Estate Forum and CoStar. Keith has man

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