22129 321st Ave - Storefront FOR SALE
Aitkin, MN 56431 |
$2,035,660 USD
612-332-6600
22129 321st Ave
Aitkin, MN 56431
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.
- Dollar General is located near Mille Lacs Lake, Minnesota’s 2nd Largest Inland Lake and one of the states most popular fishing lakes.
- Mille Lacs is home to several resorts, including Agate Bay Resort, Appledorn’s Sunset Bay Resort, Fisher’s Resort, Mille Lacs Lake Resort, etc..
- 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 nearby.
FOR SALE DETAILS
PRICE
$2,035,660 USD
PRICE/SF
$193 USD /SF
CAP RATE
7%
% 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
2024
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
2.72 AC
LAND SF
118,483 SF
ZONING
-
APN/PARCEL ID
21-0-051312
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612-332-6600
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612-332-6600
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