381 1st St S - Freestanding FOR SALE
New Rockford, ND 58356 |
$1,061,475 USD
424-261-7308
381 1st St S
New Rockford, ND 58356
HIGHLIGHTS
- Investment-grade credit: Dollar General Corp. (NYSE: DG), S&P rated BBB, Fortune 500 company.
- Corporate guarantee from Dollar General Corp. provides additional credit support and income security.
- Absolute NNN lease minimizes landlord responsibilities for a highly passive ownership structure.
- ±6.8 years of remaining lease term with predictable near-term cash flow and income visibility.
- Five 5-year renewal options, each with a 10% rental increase, offering long-term rent growth.
- Build-to-Suit construction in 2018, designed specifically for Dollar General's operational requirements.
FOR SALE DETAILS
PRICE
$1,061,475 USD
PRICE/SF
$117 USD /SF
CAP RATE
8%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
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
C2
APN/PARCEL ID
19000404892000
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424-261-7308
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424-261-7308
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