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Dollar General - Top 20% of all DGs in the US 1106 4th Ave NW 9,100 SF Retail Building Minot, ND 58703 $1,436,000 ($157.80/SF) 6.75% Cap Rate
Investment Highlights
- Top-performing Dollar General location with investment-grade corporate guarantee, absolute NNN lease, and below-market rent at $10 PSF.
- Strategically positioned in a stable trade market driven by military, energy, healthcare, and agricultural employment sectors.
- Prime downtown Minot location supported by affluent demographics, strong consumer spending, and excellent regional accessibility.
Executive Summary
Strong Performing Location (Source: Placer.ai)
Corporate Guaranteed | NNN Lease
Affluent Surrounding Demographic
10% Rent Increases at Each Option Period
Investment Highlights
•#7 Ranked Dollar General in ND and Top 20 Percentile Nationally (Source Placer.ai) th
•Corporate guaranteed by Dollar General Corporation, an investment-grade tenant
•Absolute NNN - No Landlord Responsibilities
•Low Basis Property with Below Market Rent at $10 PSF
•Affluent Demographics: $97,217 average household income within 3 miles, supporting $530.8M in annual consumer spending
•Central Location in Downtown Minot
Market Highlights
•Minot is a critical regional trade center for northern North Dakota, anchored by stable military, energy, healthcare, and agricultural employment drivers.
• Minot Air Force Base - one of North Dakotas largest employers and economic anchor for the local trade area
•Limited small box discount competition in the immediate trade area
•Property is strategically positioned right on 4th Avenue NW, the primary east-west thoroughfare linking the residential and university areas directly to the U.S. Highway 83 Bypass
Tenant Highlights
•One of the largest retailers in the U.S., with more than 20,000 stores across 48 states
•Recession-resilient value model gaining visit share, with 12.4% of visits within a half mile of a store (Placer.ai, 2026)
Corporate Guaranteed | NNN Lease
Affluent Surrounding Demographic
10% Rent Increases at Each Option Period
Investment Highlights
•#7 Ranked Dollar General in ND and Top 20 Percentile Nationally (Source Placer.ai) th
•Corporate guaranteed by Dollar General Corporation, an investment-grade tenant
•Absolute NNN - No Landlord Responsibilities
•Low Basis Property with Below Market Rent at $10 PSF
•Affluent Demographics: $97,217 average household income within 3 miles, supporting $530.8M in annual consumer spending
•Central Location in Downtown Minot
Market Highlights
•Minot is a critical regional trade center for northern North Dakota, anchored by stable military, energy, healthcare, and agricultural employment drivers.
• Minot Air Force Base - one of North Dakotas largest employers and economic anchor for the local trade area
•Limited small box discount competition in the immediate trade area
•Property is strategically positioned right on 4th Avenue NW, the primary east-west thoroughfare linking the residential and university areas directly to the U.S. Highway 83 Bypass
Tenant Highlights
•One of the largest retailers in the U.S., with more than 20,000 stores across 48 states
•Recession-resilient value model gaining visit share, with 12.4% of visits within a half mile of a store (Placer.ai, 2026)
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Building Size
9,100 SF
Building Class
C
Year Built
2020
Price
$1,436,000
Price Per SF
$157.80
Cap Rate
6.75%
NOI
$96,948
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
2.13 AC
Parking
36 Spaces (3.96 Spaces per 1,000 SF Leased)
Fairly walkable
50/100
Moderately drivable
70/100
Moderately bikeable
70/100
Nearby Major Retailers
1 of 11
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