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DOLLAR GENERAL | MADISON, MINNESOTA

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
Five (5) - Five (5) Year
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

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