Listed by SVN | Silveri Company
$1,180,285
Absolute NNN Leased Dollar General
Details
Property Type Retail
Sub Type Grocery Store
Square Footage 9,220
Cap Rate 7%
NOI $82,620
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General
Lease Type Absolute NNN
Broker Co-Op Yes
Acreage 1.400
Investment Type Net Lease
Retail | 7.00% CAP | 9,220 SqFt
Marketing description
The SVN Colvin Team is pleased to present this Absolute Triple Net Dollar General in western Minnesota.
This location opened in September of 2015. The base lease term runs to September 30, 2030, plus five renewal periods of five years each, with 10% rent increases in each one.
This location was remodeled by Dollar General on 8/14/22.
This busy Dollar General is located on busy Highway 2 and surrounded by commercial and residential. There are over 3,000 people living within a ten mile radius.
Co-listed with MN Broker of Record SVN Northco.
Listing Contacts
Listed by SVN | Silveri Company
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$82,620.00
$6,885.00/mo
Valuation Metrics
0
DSCR
7%
Cap Rate
7%
ROI
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