Dollar General | Crosslake, MN

Retail / Posted 4 months ago by Brian Brisky, Brisky Net Lease / 119 views

  • Price : $1,598,534
  • Cap Rate : 6%
  • Net Operating Income : $95,912
  • Tenant : Dollar General
  • Lease Type : Absolute NNN
  • Lease Term Remaining (Years) : 10+
  • Building Size (SF) : 9,002
  • Land Area (Acres) : 4.2
  • Year Built : 2017

Brisky Net Lease is pleased to offer this recently built Dollar General, with upgraded facade, in Crosslake, MN. This Dollar General store has a great location with excellent visibility at the corner of County Roads 37 & 3. This NNN single tenant retail property has 11+ years remaining with zero landlord responsibilities. It offers investors the opportunity to invest in this solid brand that has performed exceptionally well during Covid-19, while being situated in a top-notch market.

Crosslake is located in north central Minnesota about 25 miles north of Brainerd, MN. According to the city of Crosslake, this popular vacation destination is home to 2,158 permanent residents with 60% of the 2,477 housing units in seasonal use. The approximate seasonal population is 15,000. Crosslake has excellent demographics and a growing population.

Dollar General is the nation’s largest small-box discount retailer! Dollar General operates 17,177 stores in 46 states, 17 traditional distribution centers and 8 DG Fresh cold storage facilities as of January 29, 2021. In fiscal year 2020, Dollar General had $33.7 billion in sales, opened 1,000 new stores, remodeled 1,670 stores and relocated 110 stores. Dollar General has had 31 consecutive years of same-store sales growth through FY 2020. Dollar General has experienced continued success during COVID-19 as an essential business.

PROPERTY HIGHLIGHTS:

  • Prime Corner Location with Upgraded Facade
  • Vacation Community with Excellent Demographics
  • Located in North Central Minnesota About 25 Miles North of Brainerd
  • Very Little Competition in Town

35483 County Road 37Minnesota,56442

Brian Brisky
Brisky Net Lease

612-413-4200

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