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28841567
28892876

4027 ND-37, Garrison, ND 58540

MC
CA 02151705
Matthews
Listed by Matthews
$1,255,074
177 days on market
Updated 72 days ago

Dollar General | Absolute NNN | 10,400 SF

Details
Property Type Retail
Sub Type Convenience Store, Grocery Store (+1)
Square Footage 10,400
Cap Rate 7.35%
NOI $92,247
Tenancy Single
Brand/Tenant Dollar General
Lease Type Absolute NNN
Lease Expiration 10/31/2034
Remaining Term 8.4
Rent Bumps Yes
Lease Options Five, 5-Year
Price per SqFt $121
Year Built 2019
Buildings 1
Acreage 1.720
Investment Type Net Lease
Tenant Credit Credit Rated

Premium Brick Exterior | Minimal Competition -- Nearest Dollar Store 10+ Miles Away

Investment highlights

Lease & Location:

  • 2019 build-to-suit premium brick exterior for Dollar General with ± 9 years remaining on an initial 15-year absolute NNN lease.

  • Minimal competition — the nearest national dollar-store competitor is more than 10 miles away, supporting Dollar General’s stronghold in the local market.

  • Prime location along HWY 37, the primary commercial corridor and main thoroughfare through Garrison, North Dakota.

  • Just ½ mile from the area’s only 24/7 hospital, providing consistent daily traffic and strong community reliance.

Tenant:

  • Dollar General carries an investment-grade credit rating of BBB (S&P).

  • With approximately 20,600 locations nationwide, the company continues to pursue aggressive expansion.

  • Recognized as an essential retailer, Dollar General remained highly profitable throughout the COVID-19 pandemic and continues to demonstrate strong performance.

  • The company maintains a market capitalization of roughly $20 billion.

Listing Contacts

MC
CA 02151705
Matthews
Listed by Matthews

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$92,247.00
$7,687.25/mo

Valuation Metrics

0
DSCR
7.35%
Cap Rate
7.35%
ROI

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Additional Information

Name
Brian Brockman
License
3269 (ND)
Brokerage
Bang Realty- Dakotas, Inc.
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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