Dollar General | No Landlord Responsibilities
603 Pleasant Ave W, Atwater, MN 56209
Price: $1,100,000
Status: Sold
Cap Rate: 7.25%
Year Built: 2016
NOI: $79,750
Lot Size: 1.08 acres
Price Per Foot: $120
SF: 9,100
Remaining Term: 8+ Years
Lease Type: Abs. Triple-Net (NNN)
Property Intro
We are pleased to present a remarkable investment opportunity: a Dollar General store located in Atwater, Minnesota. This executive summary highlights the key details and market information that make this property an enticing investment. With its solid 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 $1,100,000, providing an opportunity for an advantageous investment entry point. The current Net Operating Income (NOI) is $79,749.84, demonstrating the property’s ability to generate substantial income. The NNN (Triple Net) rate of $8.76 ensures that operating expenses are covered by the tenant, minimizing landlord responsibilities.