Dollar General NNN Property For Sale — Wahpeton, ND
824 Dakota Ave, Wahpeton, ND 58075
This Dollar General property offers an excellent investment opportunity with a 10-year double net (NN) lease. The tenant, Dollar General Corporation, holds an investment-grade credit rating of “BBB” providing strong corporate backing. This location, a retrofit from a former Family Dollar, has been successfully operating since November 2023. Strategically positioned on a hard corner with high daily traffic of 10,006 vehicles, the property benefits from strong visibility and accessibility. The surrounding area boasts a stable population and household income, making it ideal for this top-tier dollar store. This offering is perfect for a 1031 exchange or a passive investor seeking a reliable income stream from a proven national brand.
- Address: 824 Dakota Ave, Wahpeton, ND 58075
- Asking price $1.50M
- 7.75% cap rate
- NOI $117,900
- 10 years remaining
- nn lease
- Year built: 2023
- Building size: 15,311 SF
- Lot size: 1.41 acres
- Rent increases: 10% rental rate increases at each of the 4 (5 year) options to renew.
- Guarantor: Corporate
Location
This Dollar General property is at 824 Dakota Ave in Wahpeton, North Dakota.
Asset type: Retail