811 Parker AveDassel, MN 55325

For Sale
$2,354,652

High-Yield Retail Investment in MN

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a 10,640 square foot Dollar General store in Dassel, Minnesota, situated on a 1.72-acre lot. Boasting a 15-year NNN lease commencing November 10, 2024, and expiring November 30, 2039, this property offers a strong 6.25% cap rate with a substantial NOI of $147,165. The lease includes a corporate guaranty from Dollar General, a highly rated S&P BBB company with over 20,000 stores nationwide. Rent increases of 5% every 5 years ensure consistent growth. The property benefits from a prime location along Highway 12, experiencing an average daily traffic count of 7,900 vehicles, and is further enhanced by proximity to Highway 15 (4,624 average daily traffic). The surrounding area features a strong mix of complementary businesses, including Casey's, MN Fitness 24/7, and several local restaurants. Dassel itself offers a welcoming community atmosphere and is conveniently located approximately 54 miles west of Minneapolis, benefiting from a 5-mile average household income of $104,948. The property was built in 2024 and enjoys 100% occupancy. This is a rare opportunity to acquire a stable, high-performing retail investment with significant long-term potential. The lease also includes five 5-year options with 5% rent increases.

Highlights

  • 15-year NNN Dollar General lease with 5% rent increases every 5 years.
  • Lease includes Dollar General Corporate Guaranty.
  • Investment-grade tenant (S&P BBB rating), Dollar General operates over 20,000 stores nationwide.
  • High-traffic location: 7,900 VPD on Parker Ave W and 4,624 VPD near Hwy 15.
  • Strong demographics: $104,948 average household income within a 5-mile radius.
  • Excellent co-tenancy including Casey's, MN Fitness, and others.

Property Details for 811 Parker Ave

Property type
Other retail properties, Individual retail properties
Square Feet
10,640 SF
Year Built
2024
Lot Size (sq. ft)
74,923 SF

Location Insight

City
Dassel
County
Meeker
State
Minnesota
Latitude
45.0812072
Longitude
-94.3174801
811 Parker Ave, Dassel, Minnesota

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811 Parker Ave
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