802 Douglas Ave
Henning, MN 56551
Dollar General | Henning, 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 thirteen (13.3) 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 recently constructed in 2017, and is located on a large 2.12 acre site. The average household income in the five (5) mile demographic ring is $58,927. The City of Henning has a limited amount of retail within the city limits. Dollar General serves as the go-to store for surrounding residents. The next closest Dollar General is 15 miles from the subject property. Henning is the “Gateway to the Lakes” including fishing, hunting and water recreation in the nearby lakes. Rolling farmland, modern dairies and hardwood forests cover the county. It is located 90 miles (100 minutes) from Fargo-Moorhead, 92 miles (91 minutes) miles from Moorhead and 165 miles (160 minutes) from Minneapolis.