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Dollar General - 4.33 Yrs - Abs NNN 315 8th Ave 9,026 SF Retail Building Madison, MN 56256 $912,824 ($101.13/SF) 8.25% Cap Rate
Investment Highlights
- Approximately 4.33 Years of Guaranteed Lease Term Remaining (Lease Exp: November 2030)
- 9,026 SF Building | 1.10 Acre Parcel
- Absolute NNN Lease with ZERO Management Responsibilities
- 2015 Construction - Build-to-Suit Dollar General
- Five (5) - Five (5) Year Option Periods at 10% Rent Increases
Executive Summary
Schuchert Retail Group and Brian Brockman (Bang Realty, Inc.?) are pleased to exclusively present for sale the 9,026 SF Dollar General located at 315 8th Avenue, Madison, MN 56256.?
In Conjunction With: Brian Brockman (Bang Realty, Inc.?)
MN License #40628602
In Conjunction With: Brian Brockman (Bang Realty, Inc.?)
MN License #40628602
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,026 SF
Building Class
C
Year Built
2015
Price
$912,824
Price Per SF
$101.13
Cap Rate
8.25%
NOI
$75,308
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
1.10 AC
Parking
30 Spaces (3.32 Spaces per 1,000 SF Leased)
Amenities
- Pylon Sign
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
- -
- -
-
Lorem Ipsum
-
Jan 0000
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 Type | Lease End | |
|
|
Retailer | - | - | Lorem Ipsum | Jan 0000 |
Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 54-0615-000 | Improvements Assessment | $312,100 |
| Land Assessment | $29,300 | Total Assessment | $341,400 |
Property Taxes
Parcel Number
54-0615-000
Land Assessment
$29,300
Improvements Assessment
$312,100
Total Assessment
$341,400
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