Dollar General NNN Property For Sale — Howard, SD
23300 435th Ave, Howard, SD 57349
This investment offering presents a 9,026 SF Dollar General property located in Howard, South Dakota. The asset features an Absolute NNN Lease, ensuring zero landlord responsibilities, with 6.5 years remaining on the initial term. The lease is further strengthened by a corporate guaranty from Dollar General Corporation, holding an Investment Grade credit rating of “BBB”. The store has been operational and successful since September 2017. Positioned strategically on the corner of 435th Avenue & 233rd Street, the property benefits from high visibility with a traffic count of 2,746 cars per day. The surrounding area boasts a 10-mile population of 1,787 and a 3-mile average household income of $54,631, making it an ideal location for the tenant. Notably, this Dollar General is the sole dollar…
- Address: 23300 435th Ave, Howard, SD 57349
- Asking price $1.08M
- 7.35% cap rate
- NOI $79,128
- 6.5 years remaining
- NNN lease
- Year built: 2017
- Building size: 9,026 SF
- Rent increases: Year 11: 3%; Option 1: 10%; Option 2: 10%; Option 3: 10%; …
- Guarantor: Corporate
Location
This Dollar General property is at 23300 435th Ave in Howard, South Dakota.
Asset type: Retail