502 W Hwy 2 - Freestanding FOR SALE


Floodwood, MN 55736
$976,500 USD
507-951-2960
502 W Hwy 2, Floodwood, MN for Sale
$976,500 USD
Freestanding - FOR SALE
1/19
null | 8% Cap Rate

502 W Hwy 2
Floodwood, MN 55736


HIGHLIGHTS

  • Just under 6 Years Remaining.
  • Triple net lease base no landlord responsibilities.
  • Low base rent of $8.65 per square foot.
  • Closest other Dollar General approximately 18 miles away in Cromwell, Minnesota.
  • Traffic Counts Over 5,000 Per Day.
  • Investment Grade Tenant | BBB Rating by Standard & Poors.

OVERVIEW

Marcus & Millichap is pleased to offer this Dollar General property for sale in Floodwood, Minnesota. The property is ideally located approximately 30-50 minutes from larger larger markets of Duluth, Hibbing, Grand Rapids and Cloquet. The subject property is situated directly along U.S. Highway 2, Floodwood's primary thoroughfare, and is just blocks from the intersection of Highway 2 and MN highway 73, making an easy to access location for the local retail shoppers. Dollar General is an investment grade tenant with an S&P credit rating of BBB. As of January 2025, Dollar General had over 20,500 locations in 48 states with 2024 sales exceeding $40 Billion dollars. Dollar General's plans for 2025 include opening 575 new stores in the United States by year's end.

FOR SALE DETAILS

PRICE

$976,500 USD

PRICE/SF

$108 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2016

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.71 AC

LAND SF

30,928 SF

ZONING

MUNS

APN/PARCEL ID

125001002440,125004000320

ASK ABOUT THIS PROPERTY

Tom GommelsMarcus & MillichapMore Info
507-951-2960

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Tom GommelsMarcus & MillichapMore Info
507-951-2960

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