Dollar General

930 Mn 3, Northfield, MN

$1,865,942

Price

5.15%

Cap Rate

$96,096

NOI

Overview
Cap Rate
5.15%
NOI
$96,096
Building Size
10,566 sqft
Lot Area
1.5 sqft
Occupancy
100%
Lease Type
Triple Net
Year Built
2022
Price Per Sqft
$176.96
Tenancy
Single
Lease Expire Year
12/31/2037
Description

This Dollar General property is located along Highway 3 North in Northfield, Minnesota where traffic counts average 15,300 vehicles per day. Nearby retailers include Walgreens, Kwik Trip, Target, Cub Foods, McDonalds, O’Reilly Auto Parts, Big O Tires, Caribou Coffee, Taco Bell, and much more.

Highlights
  • This newly constructed Dollar General is on a NNN lease with almost 14 years remaining and 10% rent increases during the renewal option periods.
  • Dollar General, S&P Rated BBB, operates over 20,000 stores in U.S. states and Mexico. Year end February 2, 2024 revenues of $38.7 Billion and net worth of $6.7 Billion.
  • This Dollar General property is located along Highway 3 North in Northfield, Minnesota where traffic counts average 15,300 vehicles per day. Nearby retailers include Walgreens, Kwik Trip, Target, Cub Foods, McDonalds, O’Reilly Auto Parts, Big O Tires, Caribou Coffee, Taco Bell, and many more.
  • Strong demographics within a 5-mile radius, with an average household income of $113,912 and a population of 25,398.
  • There are two colleges located in Northfield, St. Olaf College (2,988+ students) and Carleton College (2,044+ students) which are both located approximately a mile from the Dollar General.
  • Northfield is located about 43 miles from the Twin Cities. Northfield was named by CountryLiving.com’s “50 Most Beautiful Small Towns in America” list, #1 Best Place to Live in Rice County, and #52 Best Place to Live in Minnesota.
Documents
Title
Dollar_General_-_Northfield__MN_MP.pdf
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Location
Gallery