Discount
Dollar General
8179 ND-32, Gwinner, ND 58040
Listing Price: $1,008,917
Investment Overview
Marcus & Millichap is pleased to present the Dollar General in Gwinner, North Dakota.
The 9,100-sf building was built-to-suit for Dollar General in 2017, and sits on a 1.52-acre parcel. Dollar General signed an original 15-year lease that expires in February of 2032. The Lease contains a 3% rent bump in year 11 of the term and includes Four (5) Yr. Options , each with a 10% rent increase.
Located in Gwinner, North Dakota, the property is ideally located on a busy street next to The Bobcat Companies’ 780,000 sf production facility and its 1,500 employees. With the next closest Dollar General being 14 Miles away, this location is vital to the citizens of Gwinner.
Dollar General
Investment Highlights
- 2017 construction absolute-net Dollar General with 7+ years remaining / Attractive low price point
- Strategically located next to the Bobcat Manufacturing Facility and its 1,500 employees
- Rare 3% rent increase beginning in year 11 of the initial term.
- Zero competition – next closest Dollar General is over 14 miles away.
- Tenant is the Nations largest discount retailer with over 19,800 locations in 48 states
- Corporate guarantee from investment grade tenant.
Listing Price: $1,008,917
Investment Highlights
- 2017 construction absolute-net Dollar General with 7+ years remaining / Attractive low price point
- Strategically located next to the Bobcat Manufacturing Facility and its 1,500 employees
- Rare 3% rent increase beginning in year 11 of the initial term.
- Zero competition – next closest Dollar General is over 14 miles away.
- Tenant is the Nations largest discount retailer with over 19,800 locations in 48 states
- Corporate guarantee from investment grade tenant.
Investment Overview
Marcus & Millichap is pleased to present the Dollar General in Gwinner, North Dakota. The 9,100-sf building was built-to-suit for Dollar General in 2017, and sits on a 1.52-acre parcel. Dollar General signed an original 15-year lease that expires in February of 2032. The Lease contains a 3% rent bump in year 11 of the term and includes Four (5) Yr. Options , each with a 10% rent increase. Located in Gwinner, North Dakota, the property is ideally located on a busy street next to The Bobcat Companies’ 780,000 sf production facility and its 1,500 employees. With the next closest Dollar General being 14 Miles away, this location is vital to the citizens of Gwinner.
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