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Dollar General (Minneapolis-Saint Paul MSA)

225 MN-7, Hutchinson, MN 55350

Listing Price: $1,855,000

Cap Rate
4.85%
Tenant Name
Dollar General
Years Remaining On Lease
13.8
Guarantor
Corporate Guarantee
Rentable SF
9,026
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$9.96

Investment Overview

2021 BUILD TO SUIT DOLLAR GENERAL • The subject property is a 9,026 SF BTS Dollar General. • The property was built in 2021 and sits on 1.94 acres of land. HUTCHINSON, MN • Nearby national retailers include ALDI, Target, Harbor Freight Tools, Menards, and more. • This Dollar General is located less than 2 miles from a 3M Co. Factory with over 2,900 employees. • Hutchinson is home to Ridge Water College (5,500 Students), Hutchinson High School (927 Students), Maplewood Academy (104 Students) and more. MINNEAPOLIS-SAINT PAUL MSA • The subject property is located an hour west of downtown Minneapolis on Hwy 7 (12,300 VPD) • Minneapolis is the most populous city in the state with a combined population of 3 million in the Minneapolis-Saint Paul Region • Minneapolis-St. Paul is the 2nd largest economic center in the Midwest. The economy today is based in commerce, finance, rail and trucking services, and health care. • 18 Fortune 500 companies are headquartered in Minneapolis including UnitedHealth Corp, Target, Best Buy, 3M, and General Mills. • Home to multiple colleges and universities including University of Minnesota, the ninth largest student body in the US with over 50,000 students. • Minneapolis–Saint Paul International Airport serves 40 million passengers annually and is the 2nd largest hub for Delta Airlines. 14-YEAR CORPORATE NNN LEASE • There are 14 years remaining on an original 15-year corporate guaranteed NNN lease with Dollar General. • Tenant is 100% responsible for all expenses including taxes, insurance, CAM, roof and structure. • There are 10% rent increases in each of the four, 5-year option periods. INVESTMENT GRADE TENANT • Dollar General is a publicly traded (NYSE: DG) Fortune 500 company with an S&P investment grade credit rating of BBB. • Currently over 18,200 locations and expanding by 1,050 stores each year. • Dollar General has been in business for 80 years and has a current net worth of over $6.2 billion.

Investment Highlights

  • 2021 BTS Dollar General
  • Minneapolis-Saint Paul MSA
  • 14-Year Corporate NNN Lease
  • HWY 7 (12,300 VPD)
  • Investment Grade Tenant | 18,000 + Locations

Exclusively Listed By

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s) MN: 40583288

    Minnesota

Financing By

Discount

Dollar General (Minneapolis-Saint Paul MSA)

Listing Price: $1,855,000

Cap Rate
4.85%
Tenant Name
Dollar General
Years Remaining On Lease
13.8
Guarantor
Corporate Guarantee
Rentable SF
9,026
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$9.96

Investment Highlights

  • 2021 BTS Dollar General
  • Minneapolis-Saint Paul MSA
  • 14-Year Corporate NNN Lease
  • HWY 7 (12,300 VPD)
  • Investment Grade Tenant | 18,000 + Locations

Investment Overview

2021 BUILD TO SUIT DOLLAR GENERAL • The subject property is a 9,026 SF BTS Dollar General. • The property was built in 2021 and sits on 1.94 acres of land. HUTCHINSON, MN • Nearby national retailers include ALDI, Target, Harbor Freight Tools, Menards, and more. • This Dollar General is located less than 2 miles from a 3M Co. Factory with over 2,900 employees. • Hutchinson is home to Ridge Water College (5,500 Students), Hutchinson High School (927 Students), Maplewood Academy (104 Students) and more. MINNEAPOLIS-SAINT PAUL MSA • The subject property is located an hour west of downtown Minneapolis on Hwy 7 (12,300 VPD) • Minneapolis is the most populous city in the state with a combined population of 3 million in the Minneapolis-Saint Paul Region • Minneapolis-St. Paul is the 2nd largest economic center in the Midwest. The economy today is based in commerce, finance, rail and trucking services, and health care. • 18 Fortune 500 companies are headquartered in Minneapolis including UnitedHealth Corp, Target, Best Buy, 3M, and General Mills. • Home to multiple colleges and universities including University of Minnesota, the ninth largest student body in the US with over 50,000 students. • Minneapolis–Saint Paul International Airport serves 40 million passengers annually and is the 2nd largest hub for Delta Airlines. 14-YEAR CORPORATE NNN LEASE • There are 14 years remaining on an original 15-year corporate guaranteed NNN lease with Dollar General. • Tenant is 100% responsible for all expenses including taxes, insurance, CAM, roof and structure. • There are 10% rent increases in each of the four, 5-year option periods. INVESTMENT GRADE TENANT • Dollar General is a publicly traded (NYSE: DG) Fortune 500 company with an S&P investment grade credit rating of BBB. • Currently over 18,200 locations and expanding by 1,050 stores each year. • Dollar General has been in business for 80 years and has a current net worth of over $6.2 billion.

Exclusively Listed By

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s): MN: 40583288

    Minnesota

Financing By

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