Listed by Marcus & Millichap - Minneapolis, Marcus & Millichap - Salt Lake City
$995,000
7 Year Dollar General
Details
Property Type Retail
Sub Type Storefront
Square Footage 9,100
Cap Rate 8.77%
NOI $87,264
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General
Lease Type Absolute NNN
Lease Expiration 11/29/2032
Remaining Term 6.5
Rent Bumps Yes
Lease Options 4, 5 Year Options
Price per SqFt $109
Year Built 2017
Acreage 1.490
Investment Type Net Lease
Retail | 8.77% CAP | 9,100 SqFt
Marketing description
Marcus and Millichap is pleased to present Dollar General in Lakota, ND.
Investment highlights
7 Years Remaining on Initial 15 Year Lease Term
Absolute Net Lease - No Landlord Responsibilities
Dollar General - BBB Credit Rating S&P
4, Five Year Options
1.49 Acres
3% Rental Increase in 2027
Listing Contacts
Listed by Marcus & Millichap - Minneapolis, Marcus & Millichap - Salt Lake City
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$87,264.00
$7,272.00/mo
Valuation Metrics
0
DSCR
8.77%
Cap Rate
8.77%
ROI
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