Dollar General
Floodwood,
MN
PROPERTY INFORMATION
PRICE SUMMARY
$ 1008000
CAP RATE
7.75 %
NOI
$ 78120
TOTAL LOT SIZE
0.8 Acres
BUILDING SIZE
9026 SF
PROPERTY HIGHLIGHTS
- Dollar General in Floodwood, MN With 5+ Years Remaining on Current Term
- Absolute NNN Lease With Zero Landlord Responsibilities
- Attractive 10% Rent Increases Every 5 Years Throughout Five, 5-Year Renewal Options
- Backed by Dollar General's Corporate Guarantee, an Investment-Grade (S&P "BBB") Retailer Operating Over 21,000 Locations Nationwide
- Strategic Highway Location Positioned Directly on US Highway 2 (5,000+ VPD) in Floodwood, MN, Roughly Halfway Between Duluth and Grand Rapids - the Only Dollar General Location in the Trade Area
- Limited Local Retail Competition - Store Serves as Primary Source of Goods for Local Residents
Dollar General
|
502 W Hwy 2,
Floodwood,
MN
55736
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POINT OF CONTACT
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In cooperation with Brian Brockman at Bang Realty, Inc | MN #40628602 | bor@bangrealty.com | (513) 898-1551
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