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