Dollar General
Single-Tenant Offerings
Dollar General
620 Fairhaven Ave N
South Haven (Northwest of Minneapolis), MN
- Price:
- $2,018,000
- Cap Rate:
- 6.87%
- NOI:
- $138,605
- Rentable SQFT:
- 9,100 SF
- Year Built:
- 2025
- Lot Size:
- 1.39 +/- Acres
- Lease Type:
- Absolute NNN
- Status:
- Available
Investment Highlights
- 15-Year Absolute NNN Lease, No Landlord Responsibilities
- Rare 5% Rental Increases Every 5 Years in Base Term and Options
- Investment Grade Credit Tenant (S&P: “BBB”), Ranked #111 on Fortune 500
- Dollar General is the Nation’s Largest Retailer with 20,594+ Stores
- Brand New Construction with Partial Brick Storefront, Oversized Parcel
- Serving Over 18,300 Residents in Growing Trade Area, 55 Miles Northwest of Minneapolis
- Strong Average Household Incomes Exceed $98,000 in Surrounding Communities
- Strategic Location, High Need for Goods and Competition Void
- Nearest Family Dollar is Over 16 Miles Away and Dollar Tree is Over 19 Miles Away
- Hard Corner Location Along Major Arteries with Direct Access to Minneapolis and Saint Cloud
- Close Proximity to Several Lakes Attracting Thousands of Visitors Annually
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