381 1st St S - Freestanding FOR SALE


New Rockford, ND 58356
$1,179,416 USD
626-631-4824
381 1st St S, New Rockford, ND for Sale
$1,179,416 USD
Freestanding - FOR SALE
1/2
null | 7.2% Cap Rate

381 1st St S
New Rockford, ND 58356


HIGHLIGHTS

  • Absolute NNN | Tenant is responsible for all expenses, including roof, structure, taxes, insurance and common area maintenance.
  • Investment-Grade Corporate Tenant - Dollar General Corporation (NYSE: DG) holds an investment-grade rating of BBB per the S&P.
  • 2018 Construction.
  • Model Demographics Serving a large trade area, this Dollar General property has minimal competition and ample access to target consumers
  • Clear Visibility & Access Consumers driving through town or who live in the area have an ease of sight and route to the Property.
  • Located in New Rockford, North Dakota, the Property enjoys ample access to targeted consumers.

OVERVIEW

NNN Retail Group is proud to offer for sale a fee simple ownership of an Absolute NNN Corporate Dollar General with approximately 9 years remaining on the lease term. The property consists of a 9,100 square foot freestanding building located on a 1.76 acre lot. The Dollar General was built in 2018 and is located in New Rockford, North Dakota. This is a rare Dollar General that is an Absolute NNN property where the tenant is responsible for all expenses, including roof, structure, taxes, insurance and common area maintenance. This Dollar General property has minimal competition and ample access to target consumers with average household incomes in the $60,000 range. Consumers driving through town or who live in the area have an ease of sight and route to the Property. New Rockford is the County Seat of Eddy County in Central North Dakota. It is centered between North Dakota's four largest cities. The city is 150 miles from Fargo, 135 miles from Bismarck, which is the state capital, 125 miles from Grand Forks, and 120 miles from Minot, with Devils Lake just 40 miles to the north and Jamestown 60 miles south. The city is home to over 100 local businesses with target industries such as small manufacturing/assembly, food processing, animal agriculture, wind energy development, and specialty care. The city’s top employers are the Lutheran Home of the Good Shepherd Assisted Living, 4th Corporation Group Home, North American Bison Cooperative, and the New Rockford-Sheyenne School District.

FOR SALE DETAILS

PRICE

$1,179,416 USD

PRICE/SF

$130 USD /SF

CAP RATE

7.2%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General Corporate Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2018

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.63 AC

LAND SF

71,003 SF

ZONING

-

APN/PARCEL ID

19000404892000

ASK ABOUT THIS PROPERTY

Kevin LeNNN Retail GroupMore Info
626-631-4824

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Kevin LeNNN Retail GroupMore Info
626-631-4824

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