Dollar General Fairfax

100 Lincoln Ave W, Fairfax, MN 55332

  • For Sale $1,140,022
  • Property Type Retail - Street Retail
  • Property Size 7,489 SF
  • Lot Size 2.52 Acre
  • Property Tenancy Single Tenant
  • Year Built 2017
  • Date Updated Mar 25, 2024
$1,140,022 6.50% Cap Rate $74,101 NOI SUMMARY: We are pleased to present an exceptional investment opportunity: a Dollar General store located in Fairfax, Minnesota. This executive summary highlights key details and market information that make this property an attractive investment. With its strong financial performance, favorable lease terms, and promising market indicators, this offering presents an enticing proposition for investors seeking stable returns and long-term growth potential. The property is listed at a competitive price of $1,140,022.15, offering an opportunity for a favorable investment entry point. The current Net Operating Income (NOI) is $74,101.44, demonstrating the property’s income-generating potential. The NNN (Triple Net) rate of $9.89 ensures that operating expenses are covered by the tenant, providing a hassle-free investment. HIGHLIGHTS: • Absolute NNN Lease with 9+ Years of Term Remaining • Five (5 Year) Options with 10% Increases • Opened in 2018 with BTS Construction • Limited Competition and Convenient Location ***CONTACT LISTING BROKERS FOR MORE INFORMATION***

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Contacts

broker

Ryan Bennett

Lee & Associates - North San Diego

(760) 448-2449

Location

Getting Around

  • Walk Score ®

    28/100 Car-Dependent
  • Bike Score ®

    44/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Fairfax, MN
  • Neighborhood Fairfax
  • Zip Code 55332

Points of Interest

  • Casey's

    0.09 miles

  • Dave's Full Service

    0.41 miles

  • Cenex

    9.73 miles

  • Parking Lot, Minnriver WMA

    6.54 miles

Frequently Asked Questions

What is the lease rate for Dollar General Fairfax?

Rental asking rate at Dollar General Fairfax is $570,011.00/YR.

What is the total square footage of Dollar General Fairfax?

Dollar General Fairfax totals 7,489 square feet.

When was this property built?

Dollar General Fairfax was built in 2017.

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Contact Listing Broker

broker

Ryan Bennett

Lee & Associates - North San Diego

(760) 448-2449