Dollar General | Hard Corner Location

$1,521,162

824 Dakota Avenue, Wahpeton, ND 58075

For Sale

Retail

Active

Last Updated: 06/10/2025

Details:

Cap Rate: 7.65%

NOI: $116,368.90

Building Size: 15,311 sqft

Lot Area: 1.41 acres

Lease Type: Double Net

Year Built: 1977

Price Per Sqft: $99.35

Offered by

Bryan Bender

Partner & Managing Director

Fortis Net Lease

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Highlights:

10 Year Double Net (NN) Lease
Minimal Landlord Responsibilities | Roof & Structure
Ranks in the Top 20% of all DG Stores in North Dakota Based on
Foot Traffic!
Four (5 Year) Options with 10% Rental Rate Increases at Each
2023 Retrofit Construction
Hard Corner Location | Multiple Points of Ingress/Egress
10,006 Cars Per Day
Three Mile Household Income $64,343
Ten Mile Population 13,323
Surrounded by Residential Homes & Businesses
Investment Grade Dollar Store with "BBB" Credit Rating
Dollar General Corporate Guaranty | 20,500 Stores Nationwide

Description:

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 7.65% cap rate based on NOI of $117,900.