Dollar General - Top 20% of all DGs in the USA
Top 20th Percentile Location (Source: Placer.ai)
Marketing description
This single tenant Dollar General property in Minot, North Dakota represents a rare opportunity to acquire a corporate-guaranteed, absolute NNN investment with 10% rent increases at each option period. Located at 1106 4th Avenue NW, the 9,100 SF building sits on 0.87 acres in downtown Minot, a critical regional trade center for northern North Dakota.
The property is strategically positioned on 4th Avenue NW, the primary east-west thoroughfare linking residential and university areas directly to the U.S. Highway 83 Bypass. According to Placer.ai, this location ranks as the #7 Dollar General store in North Dakota and in the top 20th percentile nationally, demonstrating strong performance in a market supported by stable military, energy, healthcare, and agricultural employment drivers anchored by Minot Air Force Base.
The legacy lease structure delivers approximately $286,000 more income through 2055 compared to a new Dollar General lease, with 10% option increases significantly outpacing the typical 5% structure found in newer leases. With approximately 9 years remaining on the current term and four 5-year options, this investment offers long-term passive income backed by Dollar General Corporation, a Fortune 500 company with investment-grade credit rating (Baa3/BBB).
The trade area features affluent demographics with $97,217 average household income within 3 miles supporting $530.8M in annual consumer spending, while limited small box discount competition in the immediate area provides Dollar General with a strong competitive position in this market.
Investment highlights
- #7 Ranked Dollar General in ND and Top 20th Percentile Nationally (Source Placer.ai)
- Corporate guaranteed by Dollar General Corporation, an investment-grade tenant
- Absolute NNN - No Landlord Responsibilities
- Low Basis Property with Below Market Rent at $10 PSF
- Affluent Demographics: $97,217 average household income within 3 miles, supporting $530.8M in annual consumer spending
- Central Location in Downtown Minot
- Minot is a critical regional trade center for northern North Dakota, anchored by stable military, energy, healthcare, and agricultural employment drivers.
- Minot Air Force Base - one of North Dakotas largest employers and economic anchor for the local trade area
- Limited small box discount competition in the immediate trade area
- Property is strategically positioned right on 4th Avenue NW, the primary east-west thoroughfare linking the residential and university areas directly to the U.S. Highway 83 Bypass
- One of the largest retailers in the U.S., with more than 20,000 stores across 48 states
- Recession-resilient value model gaining visit share, with 12.4% of visits within a half mile of a store (Placer.ai, 2026)
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