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Dollar General

$2,192,248

22129 321st Avenue, Aitkin, MN 56431

Active
Last Updated: 02/05/2025

6.5

Cap Rate

142,496

NOI

Details:
Cap Rate:    6.5%
NOI:    $142,496
Building Size:    10,566 sqft
Lot Area:    2.65 acres
Lease Type:    Triple Net
Year Built:    2024
Tenancy:    Single
Highlights:
  • Dollar General is on a 15 year NNN lease with 5% rent increases every 5 years. The lease includes a Dollar General Corporate Guaranty.
  • Dollar General, S&P Rated BBB, operates over 20,000 stores in the United States and Mexico. Year end February 2, 2024 revenues of $38.7 Billion and net worth of $6.7 Billion.
  • Dollar General is located near Mille Lacs Lake, Minnesota’s 2nd Largest Inland Lake and one of the states most popular fishing lakes for Walleye, Muskie, Northern Pike, Smallmouth Bass.
  • Mille Lacs is home to several resorts, including Agate Bay Resort, Appledorn’s Sunset Bay Resort, Fisher’s Resort, Mille Lacs Lake Resort, Izaty’s, and many more.
  • 10-mile average household income of $84,673.
  • With the nearest grocery store over 15 miles away, this Dollar General will be a much-needed resource for hundreds of seasonal guests staying at nearby resorts and cabins.
Description:

Dollar General is located in Aitkin, Minnesota near Mille Lacs Lake. This property is located along State Highway 47. Nearby tenants include Sue’s Bait Shop, TJ’s Liquor, Malmo Market, and Castaways, along with several resorts, casinos, and more.

Nestled in central Minnesota, Mille Lacs Lake offers a captivating blend of outdoor recreation and exciting entertainment. In the Mille Lacs area, visitors can cast a line for walleye in legendary waters, tee off on scenic golf courses, or simply relax.

Map:
Documents:
Title
Dollar_General_-_Aitkin__MN_MP.pdf
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