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Investment Highlights

  • Dollar Tree operates under a 10-year net lease with approximately 7.5 years remaining and limited landlord responsibilities.
  • Situated in a regional vacation destination known for abundant outdoor recreational activities.
  • The lease includes five 5-year renewal options with rent escalations, providing income growth potential.
  • Positioned near complementary retail businesses including hardware and automotive service providers.

Executive Summary

This property offers investors an opportunity to acquire a fee-simple interest in a Dollar Tree-occupied retail building in Crosby, Minnesota. Positioned on a 0.99-acre parcel, the property spans 20,000 square feet in a freestanding format. Dollar Tree operates under a long-term net lease structure, currently featuring approximately 7.5 years remaining on the initial term, along with five 5-year extension options. Limited landlord responsibilities and scheduled rent escalations at the start of each option term enhance stability and income growth potential. The property sits on E Main Street (MN-6), a primary commercial corridor in Crosby with daily traffic counts of 8,000 vehicles. This strategic location offers strong visibility and convenient access, bolstered by proximity to essential retailers such as hardware stores and auto service providers. Positioned in a popular vacation destination known for outdoor recreation, the area attracts consistent local and tourist activity, supporting tenant performance. This investment provides a stable cash flow backed by a nationally recognized retailer and a cap rate of 9.00 percent, delivering strong income security and potential long-term value appreciation.

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Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
20,000 SF
Building Class
C
Year Built
1990
Price
$2,111,111
Price Per SF
$105.56
Cap Rate
9%
NOI
$190,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.46
Lot Size
0.99 AC
Parking
57 Spaces (2.85 Spaces per 1,000 SF Leased)
Frontage
191’ on East Main Street
Fairly walkable
40/100
Exceptionally drivable
100/100
Moderately bikeable
60/100

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 111050080310009
  • 111050080200009
  • 111050080230009
  • 111050080060009
  • 111050080320009
  • 111050080260009
  • 11105008001Z009
  • 111050080270009
  • 111050080070009
  • 111050080290009
  • 111050080280009
  • 111050080220009
  • 111050080210009
  • 111050080300009
  • 111050080050009
Land Assessment
$199,000
Improvements Assessment
$1,093,000
Total Assessment
$1,292,000
  • Listing ID: 41056829

  • Date on Market: 6/25/2026

  • Last Updated:

  • Address: 101 E Main St, Crosby, MN 56441

Contact the Sale Advisor

Dollar Tree | 101 E Main St

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