502 W Hwy 2 - Freestanding FOR SALE


Floodwood, MN 55736
$1,077,517 USD
612-413-4200
502 W Hwy 2, Floodwood, MN for Sale
$1,077,517 USD
Freestanding - FOR SALE
1/6
null | 7.25% Cap Rate

502 W Hwy 2
Floodwood, MN 55736


HIGHLIGHTS

  • Absolute NNN Lease
  • Limited Competition
  • Well-Positioned in the Market
  • Strategic Highway Location

OVERVIEW

Absolute NNN Lease - Absolute NNN Master lease with zero landlord responsibilities. Investors will appreciate the established national tenant, over 6 years of term remaining, and corporate guarantee. Limited Competition - This Dollar General serves as a crucial retail option in an underserved area with minimal direct competition. Floodwood, located in St. Louis County, is strategically positioned roughly halfway between Duluth and Grand Rapids. Larger retail hubs, including Hibbing, Grand Rapids, and Cloquet, are 30–40 minutes away, ensuring consistent demand from the local community and travelers. Well-Positioned in the Market - This property is situated in a local retail submarket with a remarkably low vacancy rate of 0.5%. The tenant benefits from below-market rent, and the newer, easily accessible building enhances its appeal. Strategic Highway Location - Located along U.S. Highway 2, Floodwood’s primary thoroughfare with over 5,200 vehicles passing daily, the property benefits from dual highway access via U.S. Highway 2 and MN Highway 73, making it a convenient retail stop for both locals and travelers.

FOR SALE DETAILS

PRICE

$1,077,517 USD

PRICE/SF

$119 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General | Floodwood, MN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2016

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.71 AC

LAND SF

30,928 SF

ZONING

MUNS

APN/PARCEL ID

125001002440,125004000320

ASK ABOUT THIS PROPERTY

Brian BriskyBrisky Net LeaseMore Info
612-413-4200

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Brian BriskyBrisky Net LeaseMore Info
612-413-4200

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