Grocery Store

Dollar General

217 Bennett Ave, Martin, SD 57551

Listing Price: $1,455,190

Cap Rate
6.30%
Gross SF
9,100
Rentable SF
9,100
Price/Gross SF
$159.91
Rent Per Square Feet
$10.07

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Dollar General located at 217 Bennett Avenue in Martin, South Dakota. The property consists of approximately 9,100 square feet of building space and is situated on roughly 1.01 acres of land.

The Dollar General opened in January 2020 and is subject to a 15-year absolute triple-net (NNN) lease. This lease commenced on January 27, 2020 and expires on January 31, 2035. The current annual rent is $91,677 and is scheduled to increase 10% in each of the five, five-year tenant renewal option periods. Founded in Goodlettsville, Tennessee, Dollar General Corporation has been delivering value to shoppers for over 75 years. With over 15,000 stores in 45 states Dollar General is among the largest discount retailer.

Investment Highlights

  • Brand New Construction | Build-to-Suit Dollar General
  • Rental Increases of 10% In Each Option Period
  • Corporate Location | Corporate Guarantee

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

  • Daniel Price

    Licensed Real Estate Salesperson

    Email Daniel

    License(s): NY: 10401300635

    Manhattan

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    License(s): SD: 17724

    South Dakota

Listing Price: $1,455,190

Cap Rate
6.30%
Gross SF
9,100
Rentable SF
9,100
Price/Gross SF
$159.91
Rent Per Square Feet
$10.07

Investment Highlights

  • Brand New Construction | Build-to-Suit Dollar General
  • Rental Increases of 10% In Each Option Period
  • Corporate Location | Corporate Guarantee

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Dollar General located at 217 Bennett Avenue in Martin, South Dakota. The property consists of approximately 9,100 square feet of building space and is situated on roughly 1.01 acres of land.

The Dollar General opened in January 2020 and is subject to a 15-year absolute triple-net (NNN) lease. This lease commenced on January 27, 2020 and expires on January 31, 2035. The current annual rent is $91,677 and is scheduled to increase 10% in each of the five, five-year tenant renewal option periods. Founded in Goodlettsville, Tennessee, Dollar General Corporation has been delivering value to shoppers for over 75 years. With over 15,000 stores in 45 states Dollar General is among the largest discount retailer.

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

  • Daniel Price

    Licensed Real Estate Salesperson

    Email Daniel

    License(s): NY: 10401300635

    Manhattan

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    License(s): SD: 17724

    South Dakota

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