Dollar General – Minot, ND

$1,910,800
Price
$114,648
Noi
6.00%
Cap Rate
10,566
Leasable Area
2022
Year Built

Fortis Net Lease is pleased to present this 2022 BTS, 10,566 SF. Dollar General store located in Minot, North Dakota. It sits only 2.4 Miles from Minot State University & only 3 Miles from Minot International Airport! The property offers a Fifteen (15) Year Absolute NNN Lease, leaving zero landlord responsibilities. The lease contains 4 (5 year) options to renew, each with a 10% rental rate increase. The lease is corporately guaranteed by Dollar General Corporation which holds a credit rating of “BBB”, which is classified as Investment Grade. The store has been open & operating successfully since November of 2022.

This Dollar General is highly visible as it is strategically positioned on the corner of Valley Street & 13th Street which sees 9,898 cars per day. The site is surrounded by residential and on a main thoroughfare into Downtown Minot. The five mile population from the site is 55,185 while the one mile average household income $81,021 per year, making this location ideal for a Dollar General. The Subject offering represents an ideal opportunity for a 1031 exchange buyer or a “passive” investor to attain the fee simple ownership of Dollar General. This investment will offer a new owner continued success due to the financial strength and the proven profitability of the tenant, the nation’s top dollar store. List price reflects a 6.00% cap rate based on NOI of $114,648.

INVESTMENT HIGHLIGHTS
• Brand New 15 Year Absolute NNN Lease
• Zero Landlord Responsibilities | Corner Location
• 4 (5 Year) Options | 10% Increases At Each Option
• Only 3 Miles from Minot State University!
• One Mile Household Income $81,021
• Five Mile Population 55,185
• 9,898 Cars Per Day on Valley Street & 13th Street
• Investment Grade Dollar Store | BBB Credit Rating
• DG Reported 32 Consecutive Years of Same Store Sales Growth
• 3 Miles from Minot International Airport
• Surrounded by Residential Homes & on Main Thoroughfare into Downtown Minot
• Less than 1 Mile from Clarion Hotel & Convention Center

Instate Broker of Record: Brian Brockman | Bang Realty, Inc.

CONTACT US REGARDING THIS LISTING

BRYAN BENDER

Partner

Ben Schultz

Senior Director

ANDREW BENDER

Investment Advisor

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