NEC of Highway 60 & 3rd Avenue South - Retail FOR SALE
Wanamingo, MN 55983 |
$2,076,700 USD
612-376-4475
NEC of Highway 60 & 3rd Avenue South
Wanamingo, MN 55983
HIGHLIGHTS
- Lease & Term: 15-year NNN lease with 5% rent increases every 5 years, backed by a Dollar General Corporate Guaranty.
- Strong Corporate Tenant: Dollar General is S&P rated BBB, operates over 20,000 stores across the United States and Mexico.
- Location: Situated in Wanamingo, MN, approximately 60 miles southeast of Minneapolis, 30 miles northwest of Rochester, and 6 miles from Zumbrota.
- Demographics: 5-mile average household income of $103,168,and population of 2,242.
- High Visibility & Nearby Amenities: Positioned along a well-traveled route through Wanamingo, providing high visibility and consistent traffic.
- Strong Retail Demand: The area has limited retail options, ensuring Dollar General serves as a primary shopping destination for locals.
FOR SALE DETAILS
PRICE
$2,076,700 USD
PRICE/SF
$230 USD /SF
CAP RATE
6.75%
% LEASED
-
TENANCY
-
STATUS
Under Construction
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Dollar General
PROPERTY TYPE
Retail
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2026
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
1.15 AC
LAND SF
50,125 SF
ZONING
-
APN/PARCEL ID
70.380.0620
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612-376-4475
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612-376-4475
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