Shopping Strip

Dollar Tree Center

1632 Bypass Rd, Wahpeton, ND 58075

Listing Price: $1,975,000

Cap Rate
7.50%
Gross SF
15,000
Rentable SF
15,000
Price/Gross SF
$131.67
Lot Size
1.55 acres
Year Built
2018

Investment Overview

Marcus and Millichap is pleased to present for your acquisition review the Dollar Tree Center located in Wahpeton, North Dakota.

The 15,000 square foot two-tenant retail center sits on 1.55 acres and is positioned across the street from a Walmart Supercenter, a Bremer Bank and a Dairy Queen Grill & Chill. The center also sits next to a First Community Credit Union and the Vision Ford Dealership. There are several other retailers nearby including Caseys General Store, Maurices, NAPA Auto Parts, Baymont by Wyndham, AmericInn by Wyndham and TraveLodge. The Dollar Tree Center has excellent visibility and exposure along State Highway 210, in close proximity to both the St. Francis Medical Center Hospital and the Wahpeton Airport. There are also a few golf courses nearby and the Chahinkapa Zoo.


The Dollar Tree Center is comprised of two suites and is 100 percent occupied by Dollar Tree and Anytime Fitness. The strip center was built in 2018, providing assurance of no deferred maintenance for a future landlord. The leases are considered triple net, with the tenants reimbursing for their pro rata share of all common area maintenance, insurance, real estate taxes and administration expenses. There are scheduled rent increases in each of the renewal options for the two tenants. Dollar tree has four, five-year renewal options while Anytime Fitness has two, five-year options. There is zero lease rollover in until April 2023, when Anytime Fitnesss lease is set to expire, while Dollar Tree has an original seven-year lease not set to expire until January 2026

Investment Highlights

  • 15,000sf Two-Tenant Strip Center | 100% Occupied
  • 2018 High-Quality Construction | Zero Deferred Maintenance
  • Perfectly Positioned Across the Street from a Walmart Supercenter
  • Anchored by Dollar Tree (NASDAQ: DTR) & Anytime Fitness 4,000+ Locations)
  • Tenants Reimburse for their Pro Rata Share of All Expenses
  • Long-Term Leases | Zero Lease Rollover Until April 2023

Exclusively Listed By

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    License(s): ND: 10032

    North Dakota

Listing Price: $1,975,000

Cap Rate
7.50%
Gross SF
15,000
Rentable SF
15,000
Price/Gross SF
$131.67
Lot Size
1.55 acres
Year Built
2018

Investment Highlights

  • 15,000sf Two-Tenant Strip Center | 100% Occupied
  • 2018 High-Quality Construction | Zero Deferred Maintenance
  • Perfectly Positioned Across the Street from a Walmart Supercenter
  • Anchored by Dollar Tree (NASDAQ: DTR) & Anytime Fitness 4,000+ Locations)
  • Tenants Reimburse for their Pro Rata Share of All Expenses
  • Long-Term Leases | Zero Lease Rollover Until April 2023

Investment Overview

Marcus and Millichap is pleased to present for your acquisition review the Dollar Tree Center located in Wahpeton, North Dakota.

The 15,000 square foot two-tenant retail center sits on 1.55 acres and is positioned across the street from a Walmart Supercenter, a Bremer Bank and a Dairy Queen Grill & Chill. The center also sits next to a First Community Credit Union and the Vision Ford Dealership. There are several other retailers nearby including Caseys General Store, Maurices, NAPA Auto Parts, Baymont by Wyndham, AmericInn by Wyndham and TraveLodge. The Dollar Tree Center has excellent visibility and exposure along State Highway 210, in close proximity to both the St. Francis Medical Center Hospital and the Wahpeton Airport. There are also a few golf courses nearby and the Chahinkapa Zoo.


The Dollar Tree Center is comprised of two suites and is 100 percent occupied by Dollar Tree and Anytime Fitness. The strip center was built in 2018, providing assurance of no deferred maintenance for a future landlord. The leases are considered triple net, with the tenants reimbursing for their pro rata share of all common area maintenance, insurance, real estate taxes and administration expenses. There are scheduled rent increases in each of the renewal options for the two tenants. Dollar tree has four, five-year renewal options while Anytime Fitness has two, five-year options. There is zero lease rollover in until April 2023, when Anytime Fitnesss lease is set to expire, while Dollar Tree has an original seven-year lease not set to expire until January 2026

Exclusively Listed By

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    License(s): ND: 10032

    North Dakota

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