- For Sale $1,226,921
- Property Type Retail - Street Retail
- Property Size 9,100 SF
- Lot Size 1.08 Acre
- Property Tenancy Single Tenant
- Year Built 2016
- Date Updated Apr 14, 2024
$1,226,921
6.50% Cap Rate
d$79,750 NOI
SUMMARY:
We are pleased to present a remarkable investment opportunity: a Dollar General store located in Atwater, Minnesota. This executive summary highlights the key details and market information that make this property an enticing investment. With its solid financial performance, favorable lease terms, and promising market indicators, this offering presents a compelling proposition for investors seeking stable returns and potential long-term growth.
The property is listed at an attractive price of $1,226,920.62, providing an opportunity for an advantageous investment entry point. The current Net Operating Income (NOI) is $79,749.84, demonstrating the property’s ability to generate substantial income. The NNN (Triple Net) rate of $8.76 ensures that operating expenses are covered by the tenant, minimizing landlord responsibilities.
HIGHLIGHTS:
• Absolute NNN Lease with 8+ Years of Term Remaining
• Five (5 Year) Options with 10% Increases
• 2016 BTS Construction
• Limited Competition and Convenient Location
***CONTACT LISTING BROKERS FOR MORE INFORMATION***
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Contacts
Ryan Bennett
Lee & Associates - North San Diego
(760) 448-2449
Location
Getting Around
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Walk Score ®
Car-Dependent (35) -
Bike Score ®
Somewhat Bikeable (36)
Powered by Walk Score ®
- City Atwater, MN
- Neighborhood Atwater
- Zip Code 56209
Points of Interest
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Contact Listing Broker
Ryan Bennett
Lee & Associates - North San Diego
(760) 448-2449