Dollar General - Madison, MN
4.33 Yr | Abs. NNN | 8.25% Cap
Marketing description
Schuchert Retail Group and Brian Brockman (Bang Realty, Inc.) are pleased to exclusively present for sale the 9,026 SF Dollar General located at 315 8th Avenue, Madison, MN 56256.
In Conjunction With: Brian Brockman (Bang Realty, Inc.)
MN License #40628602
Investment highlights
DOLLAR GENERAL CORPORATE LEASE:
· 4.33 Years of Guaranteed Lease Term (Lease Exp: November 2030)
· 2015 Build-to-Suit Construction
· 9,026 SF Building | 1.10 Acre Parcel
· Five (5) - Five (5) Year Option Periods with 10% Rental Increases
ABSOLUTE NNN LEASE | A TRUE COUPON CLIPPER:
· Absolute NNN Lease with ZERO Management Responsibilities
· Tenant Pays for ALL Operating Expenses, Insurance & Reimburses Property Taxes
LAC QUI PARLE STATE PARK:
· Located 19 Miles from the Subject Property
· 1,057-Acre Park Located in Western Minnesota
PROXIMITY FROM MADISON, MINNESOTA:
· Sioux Falls, SD | 121 Miles
· Minneapolis, MN | 154 Miles
· Fargo, ND | 156 Miles
· Sioux City, IA | 183 Miles
TRADE AREA DEMOGRAPHICS:
· 3-Mile Population = 1,576 Residents
· 3-Mile Average Household Income = $75,557
· 5-Mile Population = 1,749 Residents
· 5-Mile Average Household Income = $78,270
· 10-Mile Population = 4,299 Residents
· 10-Mile Average Household Income = $91,589
· 15-Mile Population = 6,038 Residents
· 15-Mile Average Household Income = $96,711
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