275 Aspen Ave NW
Menahga, MN 56464
Dollar General | Menahga, MN · Retail Property For Sale

The lease structure is triple net (NNN), with zero landlord responsibilities. Tenant is responsible for maintaining, repairing, and replacing all aspects of the property, as well as all required insurances, taxes, and utilities. There are twelve (12.8) years remaining on the lease term, plus five (5), five (5) year options. The lease provides for 10% rental increases at each option period. The lease is corporately guaranteed by Dollar General Corporation, which has an investment grade credit rating of BBB (S&P). This location was built in 2016. The average household income in the five (5) mile demographic ring is $52,443. The City of Menahga has a limited amount of retail within the city limits. Dollar General serves as the go-to store for surrounding residents. Menahga is home to Spirit Lake, known for its white sugar-sand. The lake attracts vistors who go there to swim, fish, canoe and kayak. There are campsites surrounding the lake in addition to the Spirit Lake Resort, which is only 0.5 miles (1 minute) away from the Dollar General. The next closest Dollar General is 30 miles (35 minutes) from the subject property. Greenwood Connections consists of four entities providing several living options for hundreds of seniors. These facilities are located just 1 mile (3 minutes) from the subject property.