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Family Dollar - Plainview, MN

620 N Wabasha, Plainview, MN 55964

Listing Price: $1,527,348

Cap Rate
6.75%
Tenant Name
Family Dollar
Years Remaining On Lease
5.6
Gross SF
8,320
Guarantor
Corporate Guarantee
Rentable SF
8,320
Price/Gross SF
$183.58
Lease Type
Absolute Net
Rent Per Square Feet
$12.39

Investment Overview

Marcus & Millichap presents for sale the Family Dollar in Plainview, MN. This 8,320 SF property sits on 1.07 acres of land. The Dollar General was built in 2014.

The lease on the property is an Absolute Net lease, requiring no landlord responsibilities. The remaining term on the lease is about six years, with six, five-year options thereafter. The tenant for the lease is Family Dollar Corporate, which has an S&P Credit Rating of BBB.

Investment Highlights

  • About 6 Years Remaining on Lease Term with Six, 5-Year Options
  • Absolute Net Property - No Landlord Responsibilities
  • Family Dollar Corporate Lease
  • Family Dollar S&P Credit Rating of BBB
  • Located in the Rochester, MN MSA

Exclusively Listed By

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s) MN: 40583288

    Minnesota

Discount

Family Dollar - Plainview, MN

Listing Price: $1,527,348

Cap Rate
6.75%
Tenant Name
Family Dollar
Years Remaining On Lease
5.6
Gross SF
8,320
Guarantor
Corporate Guarantee
Rentable SF
8,320
Price/Gross SF
$183.58
Lease Type
Absolute Net
Rent Per Square Feet
$12.39

Investment Highlights

  • About 6 Years Remaining on Lease Term with Six, 5-Year Options
  • Absolute Net Property - No Landlord Responsibilities
  • Family Dollar Corporate Lease
  • Family Dollar S&P Credit Rating of BBB
  • Located in the Rochester, MN MSA

Investment Overview

Marcus & Millichap presents for sale the Family Dollar in Plainview, MN. This 8,320 SF property sits on 1.07 acres of land. The Dollar General was built in 2014. The lease on the property is an Absolute Net lease, requiring no landlord responsibilities. The remaining term on the lease is about six years, with six, five-year options thereafter. The tenant for the lease is Family Dollar Corporate, which has an S&P Credit Rating of BBB.

Exclusively Listed By

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s): MN: 40583288

    Minnesota

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