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Dollar General 198 Oak St 8,215 SF Retail Building Dawson, MN 56232 $1,035,588 ($126.06/SF) 8.50% Cap Rate
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.
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.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
8,215 SF
Building Class
C
Year Built/Renovated
2015/2022
Price
$1,035,588
Price Per SF
$126.06
Cap Rate
8.50%
NOI
$88,025
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
1.23 AC
Zoning
F1 - Commercial
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Retailer
- -
- -
- -
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.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Retailer | - | - | - |
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 50-0675-080 | Improvements Assessment | $258,800 |
| Land Assessment | $17,100 | Total Assessment | $275,900 |
Property Taxes
Parcel Number
50-0675-080
Land Assessment
$17,100
Improvements Assessment
$258,800
Total Assessment
$275,900
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