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100 N Main St 9,527 SF 100% Leased Retail Building Chamberlain, SD 57325 $900,000 ($94.47/SF) 7.74% Cap Rate
Investment Highlights
- • Dollar General completed full Retrofit and Renovation in 2020, providing investors with like new construction asset with minimal near-term capital
- • IdealLocation positioned perfectly in DowntownChamberlain that serves the local community.
- • Located ~0.8 Miles South of Interstate I-90, making it an ideal travel stop.
- • Rare NN+ Lease (Dollar General pays for all HVAC Repairs and Replacements)
- • Site is ~1.8 Miles from Sanford Chamberlain Medical Center.
- • Site is Visible to over~11,948 Vehicles Per Day.
Executive Summary
Bang Realty-Dakotas Inc is proud to present the opportunity to acquire a single-tenant Dollar General located at 100 N Main St, Chamberlain, South Dakota. The property was constructed in 2020 and features a ±9,527 square foot building situated on a oversized ±0.22-acre parcel along Main Street in downtown Chamberlain, offering strong visibility and exposure to approximately 11,948 vehicles per day
The asset is leased to Dollar General on a Rare NN+ basis (Dollar General Responsible for Full HVAC Maintenance & Replacements), providing truly passive ownership with minimal landlord responsibilities. The lease has approximately ±4.5 years of remaining term and includes Four (5) five-year renewal options with 10% rental increases at each option period. The current annual rent of $69,688 produces a 7.75% cap rate at the offering price, making this an attractive blend of yield and long-term stability.
Dollar General, a publicly traded Fortune 500 company (NYSE: DG) with an S&P investment-grade credit rating of BBB, continues to expand its national footprint, reinforcing the long-term viability of the tenancy
The asset is leased to Dollar General on a Rare NN+ basis (Dollar General Responsible for Full HVAC Maintenance & Replacements), providing truly passive ownership with minimal landlord responsibilities. The lease has approximately ±4.5 years of remaining term and includes Four (5) five-year renewal options with 10% rental increases at each option period. The current annual rent of $69,688 produces a 7.75% cap rate at the offering price, making this an attractive blend of yield and long-term stability.
Dollar General, a publicly traded Fortune 500 company (NYSE: DG) with an S&P investment-grade credit rating of BBB, continues to expand its national footprint, reinforcing the long-term viability of the tenancy
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
9,527 SF
Building Class
B
Year Built
2020
Price
$900,000
Price Per SF
$94.47
Cap Rate
7.74%
NOI
$69,688
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.98
Lot Size
0.22 AC
Frontage
80’ on Main St
Property Taxes
| Parcel Number | 29010100600 | Improvements Assessment | $522,694 |
| Land Assessment | $48,000 | Total Assessment | $570,694 |
Property Taxes
Parcel Number
29010100600
Land Assessment
$48,000
Improvements Assessment
$522,694
Total Assessment
$570,694
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100 N Main St
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