1346 W Main St - Freestanding FOR SALE


Valley City, ND 58072
$1,125,000 USD
715-505-1200
1346 W Main St, Valley City, ND for Sale
$1,125,000 USD
Freestanding - FOR SALE
1/10
null | 7.24% Cap Rate

1346 W Main St
Valley City, ND 58072


HIGHLIGHTS

  • Fully leased to Family Dollar, a leading national discount retailer with strong credit profile
  • Long-term lease in place through June 2028 with two five-year renewal options
  • Scheduled 10% rent increases every five years provide income growth and inflation hedge
  • Prime location in Valley City’s main retail corridor with limited competition and stable demand

OVERVIEW

As exclusive advisor, MMG Real Estate Advisors is pleased to present the exceptional opportunity to acquire a Family Dollar single-tenant retail property located at 1346 W Main St, Valley City, North Dakota. Offered at $1,125,000 ($123 per square foot), the property generates a strong net operating income (NOI) of $81,400, delivering a cap rate of 7.24%. The property is fully leased to Family Dollar, a leading national discount retailer, and is strategically positioned in a thriving market area with steady customer demand. The property benefits from a long-term lease that commenced in 2007, with the current lease term extending through June 30, 2028, and includes two five-year renewal options. The lease is structured as an NN+ lease, with the tenant responsible for roof, structure, and parking maintenance, reducing landlord responsibilities. Rent increases are scheduled every five years at 10%, ensuring long-term rent growth and providing built-in inflation protection for the investor. Valley City’s economy is supported by agriculture, manufacturing, and local commerce, reinforcing the property’s role as an essential retail provider in the area. With full occupancy and limited competition from other retailers, this investment presents a secure, cash-flowing opportunity with stable long-term prospects and potential for property value appreciation.

FOR SALE DETAILS

PRICE

$1,125,000 USD

PRICE/SF

$123 USD /SF

CAP RATE

7.24%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Family Dollar - Valley City

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

35

LAND DETAILS

LAND ACRES

1.04 AC

LAND SF

45,302 SF

ZONING

-

APN/PARCEL ID

633430100

ASK ABOUT THIS PROPERTY

Jeff BurgfechtelMMG - Natl. Net Lease TeamMore Info
715-505-1200

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Jeff BurgfechtelMMG - Natl. Net Lease TeamMore Info
715-505-1200

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.