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Views: 86 DOM: 93 Updated: 11.18.24 Posted: 08.20.24 Status: Active

Summary

Price $2,354,652
Built/Renov 2024
Tenant Dollar General
Cap Rate 6.25%
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 15.0
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

  • 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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