Investment Offering
Gwinner, ND - Dollar General
Along 131st Avenue SE. | Gwinner, ND 58040
$1,173,000
Price6.75%
Cap Rate9,100
± SF Offering GLA1.52
± AC Land AreaDescription
SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land and building) in a newly constructed, freestanding, corporate guaranteed, absolute NNN, single tenant, Dollar General located in Gwinner, North Dakota. The brand new 15-year lease is guaranteed by the corporate company, Dollar General Corp. (NYSE: DG), and has an investment grade rating of BBB from Standard and Poor’s. The lease also features 10% rental increases at the beginning of each 5-year option period, which generates steady NOI growth and hedges against inflation. The location is slated to open around March 1, 2017.
Location
The subject property is located along 131st Ave SE and off State Highway 13 the main thoroughfare in the town of Gwinner. The property features strong street visibility and frontage with over 90 feet on the main arterial, 131st Ave SE. Additionally, the subject property is the only dollar store within at least a 35 mile radius allowing the subject property to take full advantage of its strong consumer draw and demand in the local trade area. Hector International Airport (FAR) is the premier airport in the state of North Dakota and is located approximately 87 miles from the the town of Gwinner. The site will service a population of 2,770 with an average household income of $66,614 in a 5 mile radius.
Contact
Matthew Mousavi
Sr Managing Principal & Co-Head of National Net Lease
949.698.1116949.698.1116[email protected]CA #: 01732226
Patrick Luther, CCIM
Sr Managing Principal & Co-Head of National Net Lease
949.698.1115949.698.1115[email protected]CA #: 01912215