Skip to main content

Discount

Dollar General | New 15-Year with 5% Increases Every 5 Years

620 Fairhaven Ave N, South Haven (NW of Minneapolis), MN 55382

Listing Price: $2,018,000

Cap Rate
6.87%
Tenant Name
Dollar General
Years Remaining On Lease
15.0
Guarantor
Corporate Guarantee
Rentable SF
9,100
Lease Type
Absolute Net
Rent Per Square Feet
$15.23

Investment Overview

Marcus & Millichap is pleased to present the Dollar General in South Haven, MN.

Investment Highlights

  • 15-Year Absolute NNN Lease, No Landlord Responsibilities
  • Rare 5% Rental Increases Every 5 Years in Base Term and Options
  • Investment Grade Credit Tenant (S&P: "BBB"), Ranked #111 on Fortune 500
  • Dollar General is the Nation's Largest Retailer with 20,594+ Stores
  • Brand New Construction with Partial Brick Storefront, Oversized Parcel
  • Serving Over 18,300 Residents in Growing Trade Area, 55 Miles Northwest of Minneapolis
  • Strong Average Household Incomes Exceed $98,000 in Surrounding Communities
  • Strategic Location, High Need for Goods and Competition Void

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 | New 15-Year with 5% Increases Every 5 Years

Listing Price: $2,018,000

Cap Rate
6.87%
Tenant Name
Dollar General
Years Remaining On Lease
15.0
Guarantor
Corporate Guarantee
Rentable SF
9,100
Lease Type
Absolute Net
Rent Per Square Feet
$15.23

Investment Highlights

  • 15-Year Absolute NNN Lease, No Landlord Responsibilities
  • Rare 5% Rental Increases Every 5 Years in Base Term and Options
  • Investment Grade Credit Tenant (S&P: "BBB"), Ranked #111 on Fortune 500
  • Dollar General is the Nation's Largest Retailer with 20,594+ Stores
  • Brand New Construction with Partial Brick Storefront, Oversized Parcel
  • Serving Over 18,300 Residents in Growing Trade Area, 55 Miles Northwest of Minneapolis
  • Strong Average Household Incomes Exceed $98,000 in Surrounding Communities
  • Strategic Location, High Need for Goods and Competition Void

Investment Overview

Marcus & Millichap is pleased to present the Dollar General in South Haven, MN.

Exclusively Listed By

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s): MN: 40583288

    Minnesota

Financing By

MM Texture Background
MM Textured Background Lower