Log In/Sign Up
Your email has been sent.
Family Dollar 103 N Highway 86 10,500 SF Retail Building Lakefield, MN 56150 $1,520,897 ($144.85/SF) 8.25% Cap Rate
INVESTMENT HIGHLIGHTS
- Dollar Tree acquired Family Dollar in 2015 and is now considered to be the second-largest discount retailer in the United States with more than 16,000
- Dollar Tree has thrived through the COVID pandemic and witnessed a sharp increase in same-store sales and profitability
- Dollar Tree boasts an investment-grade credit rating of BBB-
EXECUTIVE SUMMARY
2024 built-to-suit construction for Family Dollar. 10-year NN+ lease with limited landlord responsibilities. Average household income of $66,615 within a 5-mile radius of the subject property, considered to be a ideal for Family Dollar. Lakefield is conveniently located just off of I-90, the main thoroughfare through southern MN. The subject property comes with a 20-year transferable roof warranty. Five, 5-year options with rent increases of $5,250 ($0.50 PSF). Extremely strong corporately guaranteed lease. Located ±85 miles east of Sioux Falls.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
10,500 SF
Building Class
C
Year Built
2024
Price
$1,520,897
Price Per SF
$144.85
Cap Rate
8.25%
NOI
$125,475
Tenancy
Single
Building Height
1 Story
Building FAR
0.73
Lot Size
0.33 AC
Zoning
C - Commercial
PROPERTY TAXES
| Parcel Number | 24-032-7000 | Improvements Assessment | $3,400 |
| Land Assessment | $8,700 | Total Assessment | $12,100 |
PROPERTY TAXES
Parcel Number
24-032-7000
Land Assessment
$8,700
Improvements Assessment
$3,400
Total Assessment
$12,100
CONTACTS
-
Scotty Latimer -
Brett Baumgartner -
Josh Bishop -
Matthews Real Estate Investment Services
1 of 2
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Family Dollar | 103 N Highway 86
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.