97 Highline Rd
Tracy, MN 56175
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 Tracy, 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 approx. 14 years remaining on the initial term with 3 (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 situated at the hard corner intersection of Highline Road and Craig Avenue/U.S. Hwy 14 (3,000 VPD). Craig Avenue/U.S. Hwy 14 is the primary thoroughfare and retail corridor traveling through the town of Tracy. Dollar General enjoys increased consumer traffic from nearby national tenants DQ Grill & Restaurant, Subway, and Family Dollar. The demographics are ideal for a Dollar General due to a lack of competition, which serves as one of the two general/discount stores in the town of Tracy. The 5-mile trade area is home to approximately 2,640 residents (with an average household income of $55,000) and 1,250 employees.