Absolute NNN Leased Dollar General
Retail | 7.00% CAP | 9,220 SqFt
Marketing description
The SVN Colvin Team is pleased to present this Absolute Triple Net Dollar General in a Minnesota Lake resort town.
The fifteen year base lease term runs to September 30, 2030, plus five renewal periods of five years each, with 10% rent increases in each one.
The Seller has three more similar Dollar Generals and is open to discussing a larger transaction to accommodate a 1031 Exchange. Osakis is located on the south end of the popular Lake Osakis, a 6,300-acre fishing and recreation area with lodges, gift and antique shops, restaurants and family attractions along with many community events and festivals held throughout the year.
This Dollar General is located just north of the I-94 Exit on busy Highway 82 and surrounded by commercial and residential. There are over 10,000 people living within a ten mile radius, plus vacation home owners and visitors.
Co-listed with MN Broker Of Record SVN Northco.
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