Dollar General | Absolute NNN Lease
307 Main Ave W, Deer River, MN 56636
Price: $1,199,000
Status: Sold
Cap Rate: 7.25%
Year Built: 2016
NOI: $86,872
Lot Size: 1.05 acres
Price Per Foot: $131
Lease Type: Abs. Triple-Net (NNN)
Remaining Term: 9 Years
GLA: 9,100 sqft
Property Intro
We are pleased to present an exceptional investment opportunity: a Dollar General store located in Deer River, Minnesota. This executive summary highlights the key details and market information that make this property an enticing investment. With its strong financial performance, favorable lease terms, and promising market indicators, this offering presents a compelling proposition for investors seeking stable returns and potential long-term growth.
The property is listed at an attractive price of $1,199,000, providing an opportunity for an advantageous investment entry point. The current Net Operating Income (NOI) is $86,871.96, demonstrating the property’s ability to generate substantial income. The NNN (Triple Net) rate of $9.55 ensures that operating expenses are covered by the tenant, minimizing landlord responsibilities.