809 Saint Olaf Ave N
Canby, MN 56220
Dollar General · Retail Property For Sale

Dollar General | New 14 Yr. Corp. Abs. NNN Lease SRS National Net Lease Group is pleased to present the rare opportunity to acquire Dollar General, an absolute NNN leased, investment property located in Canby, MN. The lease is corporate guaranteed by Dollar General Corporation (NYSE: DG), with an S&P investment grade credit rating of BBB. The tenant has 14 years remaining on the initial term with 5 (5-Year) option periods featuring 10% rental increases at the beginning of each period. The lease is corporate guaranteed and is absolute NNN with zero landlord responsibilities. The subject site is located along St. Olaf Avenue N/U.S. Hwy 75 and between 8th Street E and 9th Street E with excellent visibility. St. Olaf Avenue N/U.S. Hwy 75 (4,000 VPD) is one of the primary thoroughfares traveling through the town of Canby. The demographics are ideal for a Dollar General due to a lack of competition, which serves as the primary general store in the town of Canby and the only national/credit discount store in a 20-mile radius. The 5-mile trade area is home to approximately 2,250 residents (with an average household income of $57,500) and 1,500 employees.