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Family Dollar 103 N Highway 86

10,500 SF Retail Building Lakefield, MN 56150 $2,199,977 CAD ($210 CAD/SF) 8.25% Cap Rate

Retail Buildings Minnesota Lakefield 103 N Highway 86, Lakefield, MN 56150

INVESTMENT HIGHLIGHTS

  • Dollar Tree acquired Family Dollar in 2015 and is now considered to be the second-largest discount retailer in the United States with more than 16,000
  • Dollar Tree has thrived through the COVID pandemic and witnessed a sharp increase in same-store sales and profitability
  • Dollar Tree boasts an investment-grade credit rating of BBB-

EXECUTIVE SUMMARY

2024 built-to-suit construction for Family Dollar. 10-year NN+ lease with limited landlord responsibilities. Average household income of $66,615 within a 5-mile radius of the subject property, considered to be a ideal for Family Dollar. Lakefield is conveniently located just off of I-90, the main thoroughfare through southern MN. The subject property comes with a 20-year transferable roof warranty. Five, 5-year options with rent increases of $5,250 ($0.50 PSF). Extremely strong corporately guaranteed lease. Located ±85 miles east of Sioux Falls.

ATTACHMENTS

103-N-Highway-86 (1)

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
10,500 SF
Building Class
C
Year Built
2024
Price
$2,199,977 CAD
Price Per SF
$210 CAD
Cap Rate
8.25%
NOI
$181,500 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.73
Lot Size
0.33 AC
Zoning
C - Commercial
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PROPERTY TAXES

Parcel Number 24-032-7000 Improvements Assessment $4,903 CAD
Land Assessment $12,545 CAD Total Assessment $17,447 CAD

PROPERTY TAXES

Parcel Number
24-032-7000
Land Assessment
$12,545 CAD
Improvements Assessment
$4,903 CAD
Total Assessment
$17,447 CAD
(214) 692-2927

CONTACTS

  • Listing ID: 33221261

  • Date on Market: 2024-09-18

  • Last Updated:

  • Address: 103 N Highway 86, Lakefield, MN 56150

The Retail Property at 103 N Highway 86, Lakefield, MN 56150 is currently available for sale. Contact Matthews Real Estate Investment Services for more information.

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Family Dollar | 103 N Highway 86
(214) 692-2927 x

Family Dollar | 103 N Highway 86

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Scotty Latimer

(214) 692-2927

(214) 692-2927

Brett Baumgartner

(281) 757-2709

(281) 757-2709

Josh Bishop

(214) 692-2289

(214) 692-2289

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