Listed by Matthews
$1,100,525
198 Oak Street
Details
Property Type Retail
Sub Type Convenience Store, Grocery Store
Square Footage 8,215
Cap Rate 8.00%
NOI $88,025
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General, Walgreens
Lease Type NN+
Remaining Term 4.2
Rent Bumps Yes
Lease Options Four, 5-Year Options
Year Built 2015
Year Renovated 2020
Acreage 1.230
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Ground Lease No
Retail | 8.00% CAP | 8,215 SqFt
Investment highlights
- Primary Community Staple & Grocery Hub: Serving as a vital neighborhood retail pillar for Dawson, MN. This Dollar General operates as one of the primary destinations for the community’s everyday groceries, household essentials, and staple consumer goods
- Strategically Positioned Along Primary Transit Corridor: Located directly on Oak Street, the store captures high visibility and seamless vehicle access, positioning it perfectly as the convenient, go-to destination for both localized town residents and passing agricultural/regional traffic.
- Rent Increases: Features 10% rent escalations at each of the four (4), five-year renewal options, enhancing long-term income growth.
- Recent Corporate Retrofit & Modern Build: The building was originally constructed in 2015 and underwent a comprehensive corporate rebranding and facility retrofit in 2020 to meet Dollar General's strict corporate standards, ensuring updated mechanical utility systems and finishes.
- Affluent Regional Demographic: The surrounding Dawson submarket features an exceptionally strong economic profile, with average household incomes well exceeding $100,000 across all immediate trade areas ($102,915 in the 5-mile, $108,182 in the 10-mile, and $107,942 in the 15-mile radii)
Listing Contacts
Listed by Matthews
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$88,025.00
$7,335.42/mo
Valuation Metrics
0
DSCR
8%
Cap Rate
8%
ROI
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