Discount
Dollar General Market | New 15-Yr. Absolute NNN
704 Ash Ave S, Mayer (Minneapolis MSA), MN 55360
Listing Price: $2,125,000
Cap Rate
7.00%
Tenant Name
Dollar General Market
Years Remaining On Lease
15.4
Guarantor
Corporate Guarantee
Rentable SF
10,640
Lease Type
Absolute Net
Rent Per Square Feet
$13.98
Investment Overview
Marcus & Millichap is pleased to present the Dollar General Market in Mayer, MN.
Dollar General Market | New 15-Yr. Absolute NNN
Investment Highlights
- 15-Year Absolute NNN Lease, No Landlord Responsibilities
- Rare 5% Rental Increases Every 5 Years in Base Term and Options
- Upgraded Market Store with Expanded Produce/Grocery Items
- Investment Grade Credit Tenant (S&P: "BBB"), Ranked #111 on Fortune 500
- Dollar General is the Nation's Largest Retailer with 20,600+ Stores
- Brand New Construction on Oversized 1.22+/- Acre Parcel
- Strategic Location, Nearest Dollar General Market Store is Over 20 Miles Away
- Serving Over 30,000 Residents in Surrounding Communities, 36 Miles West of Minneapolis
Exclusively Listed By
Broker of Record
Discount
Dollar General Market | New 15-Yr. Absolute NNN
Listing Price: $2,125,000
Cap Rate
7.00%
Tenant Name
Dollar General Market
Years Remaining On Lease
15.4
Guarantor
Corporate Guarantee
Rentable SF
10,640
Lease Type
Absolute Net
Rent Per Square Feet
$13.98
Investment Highlights
- 15-Year Absolute NNN Lease, No Landlord Responsibilities
- Rare 5% Rental Increases Every 5 Years in Base Term and Options
- Upgraded Market Store with Expanded Produce/Grocery Items
- Investment Grade Credit Tenant (S&P: "BBB"), Ranked #111 on Fortune 500
- Dollar General is the Nation's Largest Retailer with 20,600+ Stores
- Brand New Construction on Oversized 1.22+/- Acre Parcel
- Strategic Location, Nearest Dollar General Market Store is Over 20 Miles Away
- Serving Over 30,000 Residents in Surrounding Communities, 36 Miles West of Minneapolis
Investment Overview
Marcus & Millichap is pleased to present the Dollar General Market in Mayer, MN.
Exclusively Listed By
Broker of Record
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