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Dollar General | Minnesota | Absolute Net Lease | Amazon Resistant Investment Grade Retail Concept

1041 S Otter Ave, Parkers Prairie (Western MN), MN 56361

Listing Price: $1,314,864

Cap Rate
6.00%
Tenant Name
Dollar General
Years Remaining On Lease
8.7
Gross SF
9,149
Guarantor
Corporate Guarantee
Rentable SF
9,149
Price/Gross SF
$143.72
Lease Type
Absolute Net
Rent Per Square Feet
$8.62

Investment Overview

Parkers Prairie is a city in Otter Tail County, Minnesota. Minnesota State Highway 29 and Otter Tail County Road 38 are two of the main routes in the community. Otter Tail County’s population was 60,081 as of 2020. The County comprises the Fergus Falls micropolitan statistical area. With 1,048 lakes in its borders, Otter Tail County has more lakes than any other county in the United States.

Investment Highlights

  • Absolute Net Lease (Zero Landlord Obligations) Featuring 10% Rental Increases at Each Option.
  • Ranked #91 on the Fortune 500 List. Dollar General (NYSE: DG) Features Investment Grade Credit Rating "BBB" by S&P's and Annual Revenue Exceeding $34.22 Billion.
  • Features Easy Access and Excellent Visibility. Positioned Along one of the City's Main Roads. Limited Competition - The Next Nearest Dollar General is more than 11 Miles away.
  • Walking Distance from Parkers Prairie Elementary and High School. Minutes from Prairie Oaks Center Event Venue.

Exclusively Listed By

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    Email Alvin

    License(s): CA: 01391653, TX: 0606255

    San Diego

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s) MN: 40583288

    Minnesota

Financing By

Discount

Dollar General | Minnesota | Absolute Net Lease | Amazon Resistant Investment Grade Retail Concept

Listing Price: $1,314,864

Cap Rate
6.00%
Tenant Name
Dollar General
Years Remaining On Lease
8.7
Gross SF
9,149
Guarantor
Corporate Guarantee
Rentable SF
9,149
Price/Gross SF
$143.72
Lease Type
Absolute Net
Rent Per Square Feet
$8.62

Investment Highlights

  • Absolute Net Lease (Zero Landlord Obligations) Featuring 10% Rental Increases at Each Option.
  • Ranked #91 on the Fortune 500 List. Dollar General (NYSE: DG) Features Investment Grade Credit Rating "BBB" by S&P's and Annual Revenue Exceeding $34.22 Billion.
  • Features Easy Access and Excellent Visibility. Positioned Along one of the City's Main Roads. Limited Competition - The Next Nearest Dollar General is more than 11 Miles away.
  • Walking Distance from Parkers Prairie Elementary and High School. Minutes from Prairie Oaks Center Event Venue.

Investment Overview

Parkers Prairie is a city in Otter Tail County, Minnesota. Minnesota State Highway 29 and Otter Tail County Road 38 are two of the main routes in the community. Otter Tail County’s population was 60,081 as of 2020. The County comprises the Fergus Falls micropolitan statistical area. With 1,048 lakes in its borders, Otter Tail County has more lakes than any other county in the United States.

Exclusively Listed By

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    Email Alvin

    License(s): CA: 01391653, TX: 0606255

    San Diego

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s): MN: 40583288

    Minnesota

Financing By

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