Family Dollar - Valley City
Retail | 7.24% CAP | Ranked in Top 15% of all Family Dollar Stores by Sales | 9,130 SqFt
Marketing description
As exclusive advisor, MMG Real Estate Advisors is pleased to present the exceptional opportunity to acquire a Family Dollar single-tenant retail property located at 1346 W Main St, Valley City, North Dakota. Offered at $1,125,000 ($123 per square foot), the property generates a strong net operating income (NOI) of $81,400, delivering a cap rate of 7.24%. The property is fully leased to Family Dollar, a leading national discount retailer, and is strategically positioned in a thriving market area with steady customer demand.
The property benefits from a long-term lease that commenced in 2007, with the current lease term extending through June 30, 2028, and includes two five-year renewal options. The lease is structured as an NN+ lease, with the tenant responsible for roof, structure, and parking maintenance, reducing landlord responsibilities. Rent increases are scheduled every five years at 10%, ensuring long-term rent growth and providing built-in inflation protection for the investor.
Valley City’s economy is supported by agriculture, manufacturing, and local commerce, reinforcing the property's role as an essential retail provider in the area. With full occupancy and limited competition from other retailers, this investment presents a secure, cash-flowing opportunity with stable long-term prospects and potential for property value appreciation.
Investment highlights
National Discount Retail Tenant With Stable Essential Demand: The property is leased to Family Dollar. Its necessity based format drives repeat visits and supports consistent performance across economic cycles.
Top 15% Sales Performer Within the System: According to Placer.ai, this location ranks in the top 15% of all Family Dollar stores nationwide by sales, reflecting strong local penetration, effective merchandising, and durable consumer demand relative to the broader portfolio.
Strategic Main Street Retail Position Serving a Regional Trade Area: Situated on W Main Street, Valley City’s primary retail corridor, the store benefits from visibility and accessibility for ~6,500 city residents and a broader 10,000+ Barnes County population, capturing both local and surrounding rural shoppers.
Diversified Employment Anchors Supporting Household Income: The economy is anchored by education, healthcare, and manufacturing. Major employers include John Deere Seeding Group, Sanford/CHI Mercy Health, Valley City Public Schools, and Valley City State University, providing stable wages that underpin consistent retail spending.
Connectivity and Regional Accessibility: Valley City benefits from direct access to Interstate 94 and proximity to Fargo (~60 miles east), enhancing commuter flow, logistics, and regional draw, which expands the effective trade area and supports long-term retail stability.
Proactive Local Economic Development Support: The Valley City–Barnes County Development Corporation actively promotes business retention, expansion, and community investment, reinforcing economic resilience and helping sustain commercial activity and consumer demand within the immediate retail corridor.
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