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22452 County Road 3
Merrifield, MN 56465
Dollar General | Merrifield, MN · Retail Property For Sale
PROPERTY FACTS
- Freestanding
- General Retail Convenience Store
- General Retail Storefront
About 22452 County Road 3 , Merrifield, MN 56465
The lease structure is triple net (NNN), with zero landlord responsibilities. Tenant is responsible for maintaining, repairing, and replacing all aspects of the property, as well as all required insurances, taxes, and utilities. There are fourteen (14.1) years remaining on the lease term, plus five (5), five (5) year options. The lease provides for 10% rental increases at each option period. The lease is corporately guaranteed by Dollar General Corporation, which has an investment grade credit rating of BBB (S&P). This location was recently constructed in 2017, and is located on an oversized 2.12 acre site. There are 35,741 residents located in the ten (10) mile demographic ring, and 61,381 residents located in the thirty (30) mile demographic ring. The average household income in the five (5) mile demographic ring is $52,443. The City of Merrifield has a limited amount of retail within the city limits. Dollar General serves as the go-to store for surrounding residents. The next closest Dollar General is 14 miles from the subject property. Clow Stamping Company operates a 275,000 SF full service manufacturing facility employing 455 people. The facility specializes in stamping and fabrication of metal components for agriculture, automotive, hydraulic, and other equipment industries. The Company is located less than 1 mile (1 minute) away from the Dollar General. The city of Merrifield is surrounded by numerous lakes, and is neighbored by the city of Brainerd. The Greater Brainerd Lakes Area is a vacation destination, and one of the fastest growing regions in Minnesota. The region is an outdoor paradise, boasting more than 500 lakes and rivers as well as beautiful parks and forests. There are 13 championship golf courses and approximately 90 resorts and hotels in the area. Hundreds of thousands of visitors are attracted to the area annually.
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PROPERTY TAXES
Parcel Number | 730261300CA0009 | Improvements Assessment | $1,017,299 |
Land Assessment | $125,420 | Total Assessment | $1,142,719 |
PROPERTY TAXES
Listing ID: 13197982
Date on Market: 2018-07-17
Last Updated:
Address: 22452 County Road 3, Merrifield, MN 56465