loader
Join Free
Views: 121 DOM: 124 Updated: 12.16.24 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 14.11
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...

...

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,...


...

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

Loading...
Disclaimer & Confidentiality
All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT

GET IN TOUCH

my activity