2004 2Nd AveStewartville, MN 55976

For Sale
$2,503,401

High-yield, corporate-guaranteed investment.

Overview

Added:
Feb 13
Days on market:
29
This exceptional investment opportunity presents a triple-net (NN+) leased retail portfolio anchored by Dollar General, Dollar Tree, and Family Dollar. Located in Stewartville, Minnesota, this property boasts a 10-year lease commencing February 4, 2025, and expiring February 28, 2035, with five additional five-year renewal options, each including attractive rental increases of $5,000. The property features a 1.15-acre lot and a newly constructed (2025) building. The lease is corporately guaranteed by Dollar Tree Stores, Inc., providing significant financial security. The property benefits from a strong location, with high daily traffic counts exceeding 18,473 vehicles, and proximity to Rochester, Minnesota's third-largest MSA, and Rochester International Airport (approximately 4 miles). The average household income in the area is $87,283 annually. The property offers a substantial net operating income (NOI) of $184,000, resulting in a compelling 7.35% cap rate. The asking price is $2,503,401. The building includes a transferable 20-year roof warranty. This is a rare opportunity to acquire a high-performing, low-maintenance retail investment with a strong tenant and excellent long-term growth potential.

Highlights

  • $2,503,401 asking price for a Net Lease retail property.
  • 100% occupancy with a 10-year, NN+ lease to Dollar General, Dollar Tree, and Family Dollar.
  • 7.35% cap rate and $184,000 annual NOI.
  • Located in Stewartville, MN, approximately 12 miles from Rochester, MN (3rd largest MSA in Minnesota) and 4 miles from Rochester International Airport.
  • 1.15-acre lot with a new 2025 build-to-suit construction featuring a 20-year transferable roof warranty.
  • Five, 5-year lease options with $5,000 rental increases.

Property Details for 2004 2Nd Ave

Property type
Other retail properties, Individual retail properties
Year Built
2025
Lot Size (sq. ft)
50,094 SF

Location Insight

City
Stewartville
County
Olmsted
State
Minnesota
Latitude
43.870566963226
Longitude
-92.485811811141
2004 2Nd Ave, Stewartville, Minnesota

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2004 2Nd Ave
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