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Dollar General 198 Oak St 8,215 SF Retail Building Dawson, MN 56232 $1,100,525 ($133.97/SF) 8% Cap Rate

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Investment Highlights

Primary Community Staple & Grocery Hub: Serving as a vital neighborhood retail pillar for Dawson, MN.
Rent Increases: Features 10% rent escalations at each of the four (4), five-year renewal options, enhancing long-term income growth.
Affluent Regional Demographic: The surrounding Dawson submarket features an exceptionally strong economic profile

Strategically Positioned Along Primary Transit Corridor: Located directly on Oak Street, the store captures high visibility
Recent Corporate Retrofit & Modern Build: The building was originally constructed in 2015 and underwent a comprehensive corporate rebranding
Corporate Guarantee (NYSE: DG): Lease guaranteed by Dollar General Corporation, a Fortune 100 company

Executive Summary

This Dollar General property in Dawson, MN represents a stable, cash-flowing retail investment backed by a Fortune 100 corporate tenant. Positioned directly along Oak Street within the U.S. Highway 212 transportation corridor, the asset benefits from exceptional visibility and strong accessibility to local and regional traffic. Originally constructed in 2015 and comprehensively renovated in 2020 to meet Dollar General’s stringent corporate standards, this site offers modern building systems, upgraded finishes, and reliability for long-term ownership.
The lease structure provides investors attractive terms, featuring NN+ obligations with minimal landlord responsibility limited to roof, structure, and parking. With approximately 4.2 years remaining on the current term and four successive five-year renewal options, income durability is reinforced by contractual 10% rent escalations at each extension. Supported by Dollar General’s investment-grade credit (rated BBB) and corporate guarantee, this opportunity delivers predictable cash flow with a cap rate of 8.00% and the security of a nationally recognized retailer that continues to dominate dollar-store market share.

Dollar General, Dawson, MN- OM

Property Facts

Sale Type

Investment

Property Type

Retail

Property Subtype

Storefront

Building Size

8,215 SF

Building Class

Year Built/Renovated

2015/2022

Price

$1,100,525

Price Per SF

$133.97

Cap Rate

NOI

$88,042

Tenancy

Single

Building Height

1 Story

Building FAR

0.15

Lot Size

1.23 AC

Zoning

F1 - Commercial

Major Tenants

Retailer
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Dollar General began in 1939 as J.L. Turner and Son Wholesale Company, a dry-goods business started by J.L. Turner and Cal Turner Sr., and the first Dollar General store opened in the mid-1950s. The company operates a discount retail model through Dollar General, DG Market, DGX, and pOpshelf formats, serving customers with food, health and wellness products, cleaning and laundry supplies, self-care and beauty items, seasonal décor, private brands, and national labels. Dollar General supports online shopping and positions itself around affordable everyday goods and community-focused services.