103 N Highway 86 - Freestanding FOR SALE


Lakefield, MN 56150
$1,568,438 USD
214-692-2927
103 N Highway 86, Lakefield, MN for Sale
$1,568,438 USD
Freestanding - FOR SALE
1/1
null | 8% Cap Rate

103 N Highway 86
Lakefield, MN 56150


HIGHLIGHTS

  • Dollar Tree acquired Family Dollar in 2015 and is now considered to be the second-largest discount retailer in the United States with more than 16,000
  • Dollar Tree boasts an investment-grade credit rating of BBB-
  • Dollar Tree has thrived through the COVID pandemic and witnessed a sharp increase in same-store sales and profitability

OVERVIEW

2024 built-to-suit construction for Family Dollar. 10-year NN+ lease with limited landlord responsibilities. Average household income of $66,615 within a 5-mile radius of the subject property, considered to be a ideal for Family Dollar. Lakefield is conveniently located just off of I-90, the main thoroughfare through southern MN. The subject property comes with a 20-year transferable roof warranty. Five, 5-year options with rent increases of $5,250 ($0.50 PSF). Extremely strong corporately guaranteed lease. Located ±85 miles east of Sioux Falls.

FOR SALE DETAILS

PRICE

$1,568,438 USD

PRICE/SF

$149 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Family Dollar

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.33 AC

LAND SF

14,351 SF

ZONING

C

APN/PARCEL ID

24-032-7000

ASK ABOUT THIS PROPERTY

Scotty LatimerMatthews Real Estate Investment ServicesMore Info
214-692-2927

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Scotty LatimerMatthews Real Estate Investment ServicesMore Info
214-692-2927

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.