East Bethel, MN | Dollar General

Dollar Stores / Posted 6 months ago by Brian Brisky, Brisky Net Lease / 259 views

  • Price : $1,371,023
  • Cap Rate : 6.55%
  • Net Operating Income : $89,802
  • Tenant : Dollar General
  • Lease Type : Absolute NNN
  • Lease Term Remaining (Years) : 10+
  • Building Size (SF) : 9,100
  • Land Area (Acres) : 2.319
  • Year Built : 2020

This new Dollar General store, currently under construction, has upgraded architecture and excellent visibility just off of Highway 22 in the growing community of East Bethel. This property offers investors an opportunity to invest in a single tenant net lease property with zero landlord responsibilities in a great market. East Bethel is 30 miles north of the Twin Cities, serving as a bedroom community for the Minneapolis market. The community is consistently growing and has strong demographics, while offering a small town feel in close proximity to a major metro area. This new Dollar General is in close proximity to several lakes, parks and recreational areas. It is also surrounded by residential areas with limited options for necessities nearby.

Dollar General is the nation’s largest small-box discount retailer! Dollar General operates 16,500 stores in 46 states, 17 traditional distribution centers and five DG Fresh cold storage facilities as of May 1, 2020. In fiscal year 2019, Dollar General had $27.8B billion in sales, opened 975 new stores, remodeled 1,024 stores and relocated 100 stores. Dollar General ranks #119 of Fortune 500 Companies and 2019 was the 30th year in a row with same store sales growth.

 

Property Highlights:

• New Upgraded Construction with Great Location
• Bedroom Community – 30 Miles North of the Twin Cities
• Strong Demographics – Median Household Income 95K+ Within 3, 5 & 10 Miles
• Growing Population – 100K+ Within 10 Miles
• Absolute NNN Lease with Strong Tenant Credit

4849 Viking BlvdEast Bethel,Minnesota,55092

Brian Brisky
Brisky Net Lease

612-413-4200

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