DOLLAR GENERAL | MADISON, MINNESOTA
INVESTMENT SUMMARY
Purchase Price
$885,976
Location
315 8th Ave
Cap Rate
8.50%
Annual Rent
$75,308.76
Building Size
9,026 SF
Land Area
1.10 Acres
Ownership
Fee Simple
Lease Type
Absolute NNN
Term Remainning
4.33 Years
LEASE EXPIRATION
11/30/2030
Renewal Options
RENT INCREASES
10% at Options
Parking
30 Spaces
Year Built
2015
APN
54-0615-000
Traffic Counts
2,648 VPD
INVESTMENT HIGHLIGHTS
DOLLAR GENERAL CORPORATE GUARANTEED LEASE:
- Approximately 4.33 Years of Guaranteed Lease Term Remaining (Lease Exp: November 2030)
- 2015 Construction - Build-to-Suit Dollar General
- 9,026 SF Building | 1.10 Acre Parcel
- Five (5) - Five (5) Year Option Periods at 10% Rent Increases
ABSOLUTE NNN LEASE:
- Absolute NNN Lease with ZERO Management Responsibilities
- Tenant Pays for ALL Operating Expenses, Insurance & Reimburses Property Taxes
PROXIMITY FROM MADISON, MN:
- Sioux Falls, SD | 121 Miles
- Minneapolis, MN | 154 Miles
- Fargo, ND | 156 Miles
- Sioux City, IA | 183 Miles
TRADE AREA DEMOGRAPHICS:
- 3-Mile Population = 1,576 Residents
- 3-Mile Average Household Income = $75,557
- 5-Mile Population = 1,749 Residents
- 5-Mile Average Household Income = $78,270
- 10-Mile Population = 4,299 Residents
- 10-Mile Average Household Income = $91,589
- 15-Mile Population = 6,038 Residents
- 15-Mile Average Household Income = $96,711
TENANT:
- Strong Investment Grade Credit Rating of "BBB" by Standard & Poor's
- Ranked #112 on the Fortune 500 List
- 21,055 Stores in 48 States

