Dollar General – Minot, ND
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.