Dollar General | Floodwood, MN
$1,041,600
502 U.S. 2, Floodwood, MN 55736
7.5
Cap Rate
78,120
NOI
Details:
Description:
Absolute NNN Lease -
Absolute NNN Master lease with zero landlord responsibilities. Investors will appreciate the established national tenant, over 6 years of term remaining, and corporate guarantee.
Limited Competition -
This Dollar General serves as a crucial retail option in an underserved area with minimal direct competition. Floodwood, located in St. Louis County, is strategically positioned roughly halfway between Duluth and Grand Rapids. Larger retail hubs, including Hibbing, Grand Rapids, and Cloquet, are 30–40 minutes away, ensuring consistent demand from the local community and travelers.
Well-Positioned in the Market -
This property is situated in a local retail submarket with a remarkably low vacancy rate of 0.5%. The tenant benefits from below-market rent, and the newer, easily accessible building enhances its appeal.
Strategic Highway Location -
Located along U.S. Highway 2, Floodwood’s primary thoroughfare with over 5,200 vehicles passing daily, the property benefits from dual highway access via U.S. Highway 2 and MN Highway 73, making it a convenient retail stop for both locals and travelers.
n/a
Documents:
| Title | ||
|---|---|---|
| Dollar_General___Floodwood__MN_OM.pdf |
Location
Gallery
