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Dollar General Plus 824 Dakota Ave 15,311 SF Retail Building Wahpeton, ND 58075 $1,501,534 ($98.07/SF) 7.75% Cap Rate
INVESTMENT HIGHLIGHTS
- Ranks in the Top 20% of all DG Stores in North Dakota Based on Foot Traffic!
- 10,006 Cars Per Day
- Three Mile Household Income $64,343
- Hard Corner Location | Multiple Points of Ingress/Egress
- Dollar General Corporate Guaranty | 20,500 Stores Nationwide
- Surrounded by Residential Homes & Businesses
EXECUTIVE SUMMARY
Fortis Net Lease is pleased to present this 15,311 SF. Dollar General store located in Wahpeton, North Dakota. The property is secured with a 10 year, Double Net (NN) Lease, leaving landlord responsible for roof & restructure. The lease contains 10% rental rate increases at each of the 4 (5 year) options to renew. The lease is corporately guaranteed by Dollar General Corporation which holds a credit rating of “BBB”, which is classified as Investment Grade. The store was retrofit from a former Family Dollar and has been open & operating successfully since November 2023.
This Dollar General is highly visible as it is strategically positioned on the hard corner of 9th Street N and Dakota Avenue which sees 10,006 cars per day. The ten mile population from the site is 13,323 and the three mile average household income is $64,343 per year, making this location ideal for a Dollar General. The site is surrounded by local businesses and residential homes. It ranks in the top 20% of all DG stores in North Dakota based on foot traffic! The Subject offering represents an ideal opportunity for a 1031 exchange buyer or a “passive” investor to attain the fee simple ownership of a Dollar General. This investment will offer a new owner continued success due to the financial strength and the proven profitability of the tenant, the nation’s top dollar store. List price reflects a 7.75% cap rate based on NOI of $117,900.
Instate Broker of Record: Bang Realty | Brian Brockman
This Dollar General is highly visible as it is strategically positioned on the hard corner of 9th Street N and Dakota Avenue which sees 10,006 cars per day. The ten mile population from the site is 13,323 and the three mile average household income is $64,343 per year, making this location ideal for a Dollar General. The site is surrounded by local businesses and residential homes. It ranks in the top 20% of all DG stores in North Dakota based on foot traffic! The Subject offering represents an ideal opportunity for a 1031 exchange buyer or a “passive” investor to attain the fee simple ownership of a Dollar General. This investment will offer a new owner continued success due to the financial strength and the proven profitability of the tenant, the nation’s top dollar store. List price reflects a 7.75% cap rate based on NOI of $117,900.
Instate Broker of Record: Bang Realty | Brian Brockman
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
15,311 SF
Building Class
C
Year Built
1977
Price
$1,501,534
Price Per SF
$98.07
Cap Rate
7.75%
NOI
$116,369
Tenancy
Single
Building Height
1 Story
Building FAR
0.34
Lot Size
1.03 AC
Frontage
300’ on 2ND ST
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Dollar General
- Retailer
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Dollar General | Retailer | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
Walk Score®
Very Walkable (72)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 50030113492000 | Improvements Assessment | $360,500 |
| Land Assessment | $50,700 | Total Assessment | $411,200 |
PROPERTY TAXES
Parcel Number
50030113492000
Land Assessment
$50,700
Improvements Assessment
$360,500
Total Assessment
$411,200
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Dollar General Plus | 824 Dakota Ave
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