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33314583
33314582

315 8th Avenue, Madison, MN 56256

JS
CA 01969414
Schuchert Retail Group
JS
CA CA 01973172
Schuchert Retail Group
Listed by Schuchert Retail Group
$912,824
1 day on market
Updated 1 day ago

Dollar General - Madison, MN

Details
Property Type Retail
Sub Type Storefront
Square Footage 9,026
Cap Rate 8.25%
NOI $75,308
Tenancy Single
Brand/Tenant Dollar General
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 11/30/2030
Remaining Term 4.3
Rent Bumps Yes
Lease Options Five (5) - Five (5) Year
Year Built 2015
Acreage 1.100
Parking Spaces 30 spaces
Parking Per SqFt 3.32
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 11/01/2015
Ground Lease No

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

Listing Contacts

JS
CA 01969414
Schuchert Retail Group
JS
CA CA 01973172
Schuchert Retail Group
Listed by Schuchert Retail Group

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$75,308.00
$6,275.67/mo

Valuation Metrics

0
DSCR
8.25%
Cap Rate
8.25%
ROI

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Additional Information

Name
Brian Brockman
License
MN License #40628602
Brokerage
Bang Realty, Inc.
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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