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Dollar Tree 945 MN-7 West 10,000 SF Retail Building Hutchinson, MN 55350 $1,960,000 ($196/SF) 7.50% Cap Rate
Investment Highlights
- 2025 Built-to-Suit Construction for Dollar Tree with 10 Year NN+ lease
- Investment Grade Credit Tenant – S&P Rated BBB
- 5-mile population in excess of 17,253 residents
- 20 year transferable roof warranty with limited landlord responsibilities
- Average household income of $110,620 annually within 5-mile radius
- Nearby tenants: Walmart Supercenter, Target, Menards, Taco Bell, McDonald's
Executive Summary
Broker Of Record
Kurt Sauer
Matthews of Minnesota, LLC
40628602, 41005445 (MN)
701 Xenia Ave S, Ste 485 Minneapolis MN 55416 (866) 889-0550
Kurt Sauer
Matthews of Minnesota, LLC
40628602, 41005445 (MN)
701 Xenia Ave S, Ste 485 Minneapolis MN 55416 (866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Convenience Store
Building Size
10,000 SF
Building Class
B
Year Built
2024
Price
$1,960,000
Price Per SF
$196
Cap Rate
7.50%
NOI
$147,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
1.84 AC
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Retailer
- -
- -
- -
Dollar Tree began in 1986 as Only $1.00, building on a Norfolk variety-store heritage that later helped shape the business. The company focuses on discount variety retail, selling consumable, seasonal, and general merchandise such as housewares, food, health and beauty products, toys, party supplies, stationery, and crafts. After the Family Dollar sale, Dollar Tree operates as a focused North American value retailer with a large store network, a national logistics system, and an expanding multi-price assortment and online ordering options.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Retailer | - | - | - |
Somewhat walkable
30/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 23.036.2550 | Improvements Assessment | $1,149,800 |
| Land Assessment | $258,300 | Total Assessment | $1,408,100 |
Property Taxes
Parcel Number
23.036.2550
Land Assessment
$258,300
Improvements Assessment
$1,149,800
Total Assessment
$1,408,100
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