Discount
Dollar General | New 15-Yr. Absolute NNN | 5% Increases Every 5 Years
98 Gunderson Blvd, Kenyon, MN 55946
Listing Price: $2,180,000
Cap Rate
6.87%
Tenant Name
Dollar General
Years Remaining On Lease
15.3
Guarantor
Corporate Guarantee
Rentable SF
10,566
Lease Type
Absolute Net
Rent Per Square Feet
$14.17
Investment Overview
Marcus & Millichap is pleased to present the Dollar General in Kenyon, Minnesota.
Dollar General | New 15-Yr. Absolute NNN | 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 on Oversized 2+ Acre Parcel
- Serving Over 48,300 Residents in Growing Goodhue County, 55 Miles South of Minneapolis
- Strong Average Household Incomes Exceed $89,000 in Surrounding Communities
- Strategic Location, Nearest Dollar General Store is Approximately 10 Miles Away
Exclusively Listed By
Broker of Record
Discount
Dollar General | New 15-Yr. Absolute NNN | 5% Increases Every 5 Years
Listing Price: $2,180,000
Cap Rate
6.87%
Tenant Name
Dollar General
Years Remaining On Lease
15.3
Guarantor
Corporate Guarantee
Rentable SF
10,566
Lease Type
Absolute Net
Rent Per Square Feet
$14.17
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 on Oversized 2+ Acre Parcel
- Serving Over 48,300 Residents in Growing Goodhue County, 55 Miles South of Minneapolis
- Strong Average Household Incomes Exceed $89,000 in Surrounding Communities
- Strategic Location, Nearest Dollar General Store is Approximately 10 Miles Away
Investment Overview
Marcus & Millichap is pleased to present the Dollar General in Kenyon, Minnesota.
Exclusively Listed By
Broker of Record
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