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Dollar General NEC of Highway 60 & 3rd Avenue South 9,026 SF 100% Leased Retail Building Wanamingo, MN 55983 $2,076,700 ($230.08/SF) 6.75% Cap Rate
INVESTMENT HIGHLIGHTS
- Lease & Term: 15-year NNN lease with 5% rent increases every 5 years, backed by a Dollar General Corporate Guaranty.
- Location: Situated in Wanamingo, MN, approximately 60 miles southeast of Minneapolis, 30 miles northwest of Rochester, and 6 miles from Zumbrota.
- High Visibility & Nearby Amenities: Positioned along a well-traveled route through Wanamingo, providing high visibility and consistent traffic.
- Strong Corporate Tenant: Dollar General is S&P rated BBB, operates over 20,000 stores across the United States and Mexico.
- Demographics: 5-mile average household income of $103,168,and population of 2,242.
- Strong Retail Demand: The area has limited retail options, ensuring Dollar General serves as a primary shopping destination for locals.
EXECUTIVE SUMMARY
Estimated Delivery Date of March 3, 2026.
Rent Commencement Earlier Of: 60 days after delivery date or date tenant opens for business. Estimate opening by March 10, 2026.
Rent Commencement Earlier Of: 60 days after delivery date or date tenant opens for business. Estimate opening by March 10, 2026.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Building Size
9,026 SF
Year Built
2026
Construction Status
Under Construction
Price
$2,076,700
Price Per SF
$230.08
Cap Rate
6.75%
NOI
$140,177
Percent Leased
100%
Building Height
1 Story
Building FAR
0.18
Lot Size
1.15 AC
1 of 2
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Dollar General | NEC of Highway 60 & 3rd Avenue South
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