600-610 6th St
Hankinson, ND 58041
Dollar General | New 15 Yr. Abs. NNN Lease · Retail Property For Sale

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land and building) in a newly constructed, freestanding, corporate guaranteed, absolute NNN, single tenant, Dollar General located in Hankinson, North Dakota. The brand new 15-year lease is guaranteed by the corporate company, Dollar General Corp. (NYSE: DG), and has an investment grade rating of BBB from Standard and Poor' s. The lease also features 10% rental increases at the beginning of each 5-year option period, which generates steady NOI growth and hedges against inflation. The location is slated to open around March 1, 2017. The subject property is located along 6th Street SE/State Road 11 which is the primary road traveling through the town of Hankinson. The property features great street visibility and frontage that will improve consumer traffic and crossover. Additionally, the subject property is the only dollar store within a 30-mile radius allowing the subject property to take full advantage of its strong consumer draw and demand in the local trade area. The site will service a population of 1,300 with an average household income of $66,614 in a 5 mile radius.