Skip to main content

Discount

9-Year Dollar General - Clear Lake, SD

1207 3rd Ave S, Clear Lake, SD 57226

Listing Price: $1,392,410

Cap Rate
5.85%
Tenant Name
Dollar General
Years Remaining On Lease
8.9
Gross SF
9,190
Guarantor
Corporate Guarantee
Rentable SF
9,100
Price/Gross SF
$151.51
Lease Type
Absolute Net
Rent Per Square Feet
$8.95

Investment Overview

Marcus & Millichap presents for sale the Dollar General in Clear Lake, South Dakota. This 9,100 square-foot* property sits on 1.34 acres of land in Deuel County. The Dollar General was built in 2015, making this a newer property. A new buyer would inherit a corporate absolute net lease with nine years remaining on the initial lease term and four, five-year options. Tenant is responsible for taxes, maintenance, and holding insurance. The new landlord will pay taxes up front, but they submit for reimbursement to Dollar General within 12 months. Dollar General itself has an S&P credit rating of BBB. Clear Lake, SD is a rural area in South Dakota with minimal access to other stores. The city has about 1,300 residents as of 2019. However, the city serves as the county seat for Deuel County, so traffic comes through the city from other parts of the county. *Note: Square footage is approximated from County Records.

Investment Highlights

  • About Nine Years Remaining on Lease Term with Four, Five-Year Options
  • Dollar General S&P Credit Rating of BBB
  • South Dakota is an Income Tax-Free State
  • Limited Competition - No Family Dollar, Dollar Tree, or Dollar General within 25+ Miles
  • Absolute Net Property - No Landlord Responsibilities

Exclusively Listed By

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s) SD: 17724

    South Dakota

Discount

9-Year Dollar General - Clear Lake, SD

Listing Price: $1,392,410

Cap Rate
5.85%
Tenant Name
Dollar General
Years Remaining On Lease
8.9
Gross SF
9,190
Guarantor
Corporate Guarantee
Rentable SF
9,100
Price/Gross SF
$151.51
Lease Type
Absolute Net
Rent Per Square Feet
$8.95

Investment Highlights

  • About Nine Years Remaining on Lease Term with Four, Five-Year Options
  • Dollar General S&P Credit Rating of BBB
  • South Dakota is an Income Tax-Free State
  • Limited Competition - No Family Dollar, Dollar Tree, or Dollar General within 25+ Miles
  • Absolute Net Property - No Landlord Responsibilities

Investment Overview

Marcus & Millichap presents for sale the Dollar General in Clear Lake, South Dakota. This 9,100 square-foot* property sits on 1.34 acres of land in Deuel County. The Dollar General was built in 2015, making this a newer property. A new buyer would inherit a corporate absolute net lease with nine years remaining on the initial lease term and four, five-year options. Tenant is responsible for taxes, maintenance, and holding insurance. The new landlord will pay taxes up front, but they submit for reimbursement to Dollar General within 12 months. Dollar General itself has an S&P credit rating of BBB. Clear Lake, SD is a rural area in South Dakota with minimal access to other stores. The city has about 1,300 residents as of 2019. However, the city serves as the county seat for Deuel County, so traffic comes through the city from other parts of the county. *Note: Square footage is approximated from County Records.

Exclusively Listed By

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s): SD: 17724

    South Dakota

MM Texture Background
MM Textured Background Lower