4027 Highway 37 | Garrison, ND 58540
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4027 Highway 37
Garrison, ND 58540
Dollar General | 6.8 Cap | Absolute NNN · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Brand new 2019 construction building
- Extremely attractive 6.80% cap rate
- Strong corporate guarantee from Dollar General Corporation
- 15-Year absolute NNN lease w/ zero management responsibility
- Five, 5-Year renewal options with 10% rent increases
- Strategically located along Highway 37 which is the main thoroughfare running through town
PROPERTY FACTS
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,026 SF
Building Class
B
Year Built
2019
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
1.82 AC
Zoning
Unrestricted
Parking
33 Spaces (3.65 Spaces per 1,000 SF Leased)
Frontage
127’ on North Dakota 37
PROPERTY TAXES
| Parcel Number | 75 3001 00083 000 | Improvements Assessment | $363,350 |
| Land Assessment | $32,500 | Total Assessment | $395,850 |
PROPERTY TAXES
Parcel Number
75 3001 00083 000
Land Assessment
$32,500
Improvements Assessment
$363,350
Total Assessment
$395,850
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