8179 Highway 32 - Convenience Store FOR SALE


Gwinner, ND 58040
$990,000 USD
205-908-1661
8179 Highway 32, Gwinner, ND for Sale
$990,000 USD
Convenience Store - FOR SALE
1/4
null | 8% Cap Rate

8179 Highway 32
Gwinner, ND 58040


HIGHLIGHTS

  • 2017 Construction Absolute-Net Dollar General with 7+ years remaining / Attractive Low price point
  • Strategically located next to the Bobcat Manufacturing Facility and its 1,500 employees
  • Rare 3% rent increase beginning in year 11 of the initial term.
  • Zero competition – next closest Dollar General is over 14 miles away.
  • Economic Stability: Gwinner is home to one of Bobcat's largest production facilities, ensuring a steady, employed population with disposable income.

OVERVIEW

Marcus & Millichap is pleased to present the Dollar General in Gwinner, North Dakota. The 9,100-sf building was built-to-suit for Dollar General in 2017 and sits on a 1.52-acre parcel. Dollar General signed an original 15-year lease that expires in February of 2032. The Lease contains a 3% rent bump in year 11 of the term and includes Four (5) Yr. Options, each with a 10% rent increase. Located in Gwinner, North Dakota, the subject property is ideally located on a busy street next to The Bobcat Companies’ 780,000 sf production facility and its 1,500 employees. With the next closest Dollar General being 14 Miles away, this location is vital to the citizens of Gwinner.

FOR SALE DETAILS

PRICE

$990,000 USD

PRICE/SF

$109 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2017

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.52 AC

LAND SF

66,211 SF

ZONING

-

APN/PARCEL ID

319506000

ASK ABOUT THIS PROPERTY

Chapman BrownMarcus & MillichapMore Info
205-908-1661

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Chapman BrownMarcus & MillichapMore Info
205-908-1661

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