Dollar General NNN Property For Sale — Osakis, MN
306 Nokomis Street East, Osakis, MN 56360
This Absolute NNN Dollar General is located in a vibrant Minnesota Lake resort town, benefiting from a strategic location just north of the I-94 Exit on busy Highway 82. The property is surrounded by commercial and residential developments, attracting over 10,000 residents within a ten-mile radius, in addition to vacation homeowners and visitors. Osakis is known for its popular Lake Osakis, a 6,300-acre fishing and recreation area, which enhances the property's appeal. The lease features 10% rent increases in each of the five renewal periods, providing a stable and growing income stream. This represents an attractive investment opportunity with a strong corporate tenant in a desirable location.
- Address: 306 Nokomis Street East, Osakis, MN 56360
- Asking price $1.10M
- 6.75% cap rate
- NOI $74,503
- 4.1 years remaining
- NNN lease
- Year built: 2015
- Building size: 9,220 SF
- Lot size: 1.56 acres
- Lease expiration: Sep 30, 2030
- Rent increases: 10% rent increases in each of the five renewal periods
- Guarantor: Corporate
Location
This Dollar General property is at 306 Nokomis Street East in Osakis, Minnesota.
Asset type: Street Retail