824 Dakota Ave - Freestanding FOR SALE


Wahpeton, ND 58075
$1,521,162 USD
734-755-6359
824 Dakota Ave, Wahpeton, ND for Sale
$1,521,162 USD
Freestanding - FOR SALE
1/5
null | 7.65% Cap Rate

824 Dakota Ave
Wahpeton, ND 58075


HIGHLIGHTS

  • Ranks in the Top 20% of all DG Stores in North Dakota Based on Foot Traffic!
  • Hard Corner Location | Multiple Points of Ingress/Egress
  • 10,006 Cars Per Day
  • Dollar General Corporate Guaranty | 20,500 Stores Nationwide
  • Three Mile Household Income $64,343
  • Surrounded by Residential Homes & Businesses

OVERVIEW

Fortis Net Lease is pleased to present this 15,311 SF. Dollar General store located in Wahpeton, North Dakota. The property is secured with a 10 year, Double Net (NN) Lease, leaving landlord responsible for roof & restructure. The lease contains 10% rental rate increases at each of the 4 (5 year) options to renew. The lease is corporately guaranteed by Dollar General Corporation which holds a credit rating of “BBB”, which is classified as Investment Grade. The store was retrofit from a former Family Dollar and has been open & operating successfully since November 2023. This Dollar General is highly visible as it is strategically positioned on the hard corner of 9th Street N and Dakota Avenue which sees 10,006 cars per day. The ten mile population from the site is 13,323 and the three mile average household income is $64,343 per year, making this location ideal for a Dollar General. The site is surrounded by local businesses and residential homes. It ranks in the top 20% of all DG stores in North Dakota based on foot traffic! The Subject offering represents an ideal opportunity for a 1031 exchange buyer or a “passive” investor to attain the fee simple ownership of a Dollar General. This investment will offer a new owner continued success due to the financial strength and the proven profitability of the tenant, the nation’s top dollar store. List price reflects a 7.65% cap rate based on NOI of $117,900. Instate Broker of Record: Bang Realty | Brian Brockman

FOR SALE DETAILS

PRICE

$1,521,162 USD

PRICE/SF

$97 USD /SF

CAP RATE

7.65%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General Plus

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1977

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.03 AC

LAND SF

45,000 SF

ZONING

-

APN/PARCEL ID

50030113492000

ASK ABOUT THIS PROPERTY

Bryan BenderFortis Net LeaseMore Info
734-755-6359

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Bryan BenderFortis Net LeaseMore Info
734-755-6359

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