198 Oak St - Storefront FOR SALE


Dawson, MN 56232
$1,100,525 USD
404-400-2794
198 Oak St, Dawson, MN for Sale
$1,100,525 USD
Storefront - FOR SALE
1/12
null | 8% Cap Rate

198 Oak St
Dawson, MN 56232


HIGHLIGHTS

  • Primary Community Staple & Grocery Hub: Serving as a vital neighborhood retail pillar for Dawson, MN.
  • Strategically Positioned Along Primary Transit Corridor: Located directly on Oak Street, the store captures high visibility
  • Rent Increases: Features 10% rent escalations at each of the four (4), five-year renewal options, enhancing long-term income growth.
  • Recent Corporate Retrofit & Modern Build: The building was originally constructed in 2015 and underwent a comprehensive corporate rebranding
  • Affluent Regional Demographic: The surrounding Dawson submarket features an exceptionally strong economic profile
  • Corporate Guarantee (NYSE: DG): Lease guaranteed by Dollar General Corporation, a Fortune 100 company

OVERVIEW

This Dollar General property in Dawson, MN represents a stable, cash-flowing retail investment backed by a Fortune 100 corporate tenant. Positioned directly along Oak Street within the U.S. Highway 212 transportation corridor, the asset benefits from exceptional visibility and strong accessibility to local and regional traffic. Originally constructed in 2015 and comprehensively renovated in 2020 to meet Dollar General’s stringent corporate standards, this site offers modern building systems, upgraded finishes, and reliability for long-term ownership. The lease structure provides investors attractive terms, featuring NN+ obligations with minimal landlord responsibility limited to roof, structure, and parking. With approximately 4.2 years remaining on the current term and four successive five-year renewal options, income durability is reinforced by contractual 10% rent escalations at each extension. Supported by Dollar General’s investment-grade credit (rated BBB) and corporate guarantee, this opportunity delivers predictable cash flow with a cap rate of 8.00% and the security of a nationally recognized retailer that continues to dominate dollar-store market share.

FOR SALE DETAILS

PRICE

$1,100,525 USD

PRICE/SF

$134 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2015

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.23 AC

LAND SF

53,579 SF

ZONING

F1

APN/PARCEL ID

50-0675-080

ASK ABOUT THIS PROPERTY

Connor KnauerMatthews Real Estate Investment ServicesMore Info
404-400-2794

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Connor KnauerMatthews Real Estate Investment ServicesMore Info
404-400-2794

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