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Miscellaneous

Dollar General

218 Oak St, Dawson, MN 56232

Listing Price: $1,400,000

Cap Rate
5.71%
Tenant Name
Dollar General
Years Remaining On Lease
8.0
Guarantor
Corporate Guarantee
Rentable SF
8,320
Lease Type
Double Net
Rent Per Square Feet
$9.62

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Dollar General located at 218 Oak Street, Dawson, MN 56232. Built in 2000, the property consists of 8,320 square feet of building space and is situated on a 1.38 acre parcel. This investment is subject to a Double-Net (NN) lease and has roughly Eight years remaining on a renewed 10-year lease. This is a corporate location and the lease is guaranteed by Dollar General corporate (NYSE: DG), which has an investment grade credit rating made by Standard & Poor’s (S&P BBB, Stable). The base rent is $80,038 and is subject to a 10 percent rental escalations every five years in base term and in the extended term through 2050. Tenant shall be entitled to extend the term of the Lease for four successive periods of five years each. Founded in Goodlettsville, Tennessee, Dollar General Corporation has been delivering value to shoppers for over 75 years. Dollar General helps shoppers Save time. Save money. Every day!® by offering products that are frequently used and replenished, such as food, snacks, health and beauty aids, cleaning supplies, clothing for the family, housewares and seasonal items at low everyday prices in convenient neighborhood locations. With over 15,000 stores in 45 states Dollar General is among the largest discount retailer.

Investment Highlights

  • More Than Eight Years Remaining On A Double-net (NN) Lease –Minimal Landlord Responsibilities
  • Four – Five Year Tenant Renewal Option Periods Bringing Potential Lease Term up to more than 28 Years
  • Attractive Rental Increases Of 10% Every Five (5) Years During Base Term And Tenant Renewal Option Periods

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

  • Judson Kauffman

    Licensed Real Estate Salesperson

    (212) 430-5204

    Email Judson

    License(s): NY: 40KA1034273, NY: 10401296108

    Manhattan

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s) MN: 40583288

    Minnesota

Miscellaneous

Dollar General

Listing Price: $1,400,000

Cap Rate
5.71%
Tenant Name
Dollar General
Years Remaining On Lease
8.0
Guarantor
Corporate Guarantee
Rentable SF
8,320
Lease Type
Double Net
Rent Per Square Feet
$9.62

Investment Highlights

  • More Than Eight Years Remaining On A Double-net (NN) Lease –Minimal Landlord Responsibilities
  • Four – Five Year Tenant Renewal Option Periods Bringing Potential Lease Term up to more than 28 Years
  • Attractive Rental Increases Of 10% Every Five (5) Years During Base Term And Tenant Renewal Option Periods

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Dollar General located at 218 Oak Street, Dawson, MN 56232. Built in 2000, the property consists of 8,320 square feet of building space and is situated on a 1.38 acre parcel. This investment is subject to a Double-Net (NN) lease and has roughly Eight years remaining on a renewed 10-year lease. This is a corporate location and the lease is guaranteed by Dollar General corporate (NYSE: DG), which has an investment grade credit rating made by Standard & Poor’s (S&P BBB, Stable). The base rent is $80,038 and is subject to a 10 percent rental escalations every five years in base term and in the extended term through 2050. Tenant shall be entitled to extend the term of the Lease for four successive periods of five years each. Founded in Goodlettsville, Tennessee, Dollar General Corporation has been delivering value to shoppers for over 75 years. Dollar General helps shoppers Save time. Save money. Every day!® by offering products that are frequently used and replenished, such as food, snacks, health and beauty aids, cleaning supplies, clothing for the family, housewares and seasonal items at low everyday prices in convenient neighborhood locations. With over 15,000 stores in 45 states Dollar General is among the largest discount retailer.

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

  • Judson Kauffman

    Licensed Real Estate Salesperson

    (212) 430-5204

    Email Judson

    License(s): NY: 40KA1034273, NY: 10401296108

    Manhattan

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s): MN: 40583288

    Minnesota

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