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Dollar General 22129 321st Ave

10,566 SF Retail Building Aitkin, MN 56431 $3,241,391 CAD ($307 CAD/SF) 6.25% Cap Rate

Storefront Properties Minnesota Aitkin 22129 321st Ave, Aitkin, MN 56431

Investment Highlights

  • Dollar General will have a 15 year NNN lease with 5% rent increases every 5 years. The lease includes a Dollar General Corporate Guaranty.
  • Dollar General is located near Mille Lacs Lake, Minnesota’s 2nd Largest Inland Lake and one of the states most popular fishing lakes.
  • 10-mile average household income of $84,673.
  • Dollar General, S&P Rated BBB, operates over 20,000 stores in the United States and Mexico. Year end February 2, 2024 revenues of $38.7 Billion.
  • Mille Lacs is home to several resorts, including Agate Bay Resort, Appledorn’s Sunset Bay Resort, Fisher’s Resort, Mille Lacs Lake Resort, etc..
  • With the nearest grocery store over 15 miles away, this Dollar General will be a much-needed resource for hundreds of seasonal guests staying nearby.

Attachments

CoStar MP

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
10,566 SF
Year Built
2024
Price
$3,241,391 CAD
Price Per SF
$307 CAD
Cap Rate
6.25%
NOI
$202,587 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
2.72 AC
Frontage
414 ft on State Highway 47
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PROPERTY TAXES

Parcel Number 21-0-051312 Improvements Assessment $0 CAD
Land Assessment $50,440 CAD Total Assessment $50,440 CAD

PROPERTY TAXES

Parcel Number
21-0-051312
Land Assessment
$50,440 CAD
Improvements Assessment
$0 CAD
Total Assessment
$50,440 CAD
(612) 332-6600

Contacts

  • Listing ID: 32261316

  • Date on Market: 2024-06-26

  • Last Updated:

  • Address: 22129 321st Ave, Aitkin, MN 56431

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Dollar General | 22129 321st Ave
(612) 332-6600 x

Dollar General | 22129 321st Ave

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Keith Sturm

(612) 332-6600

(612) 332-6600

Deborah Vannelli

(612) 376-4475

(612) 376-4475

Amanda Leathers

(612) 436-0045

(612) 436-0045

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