10 Year Net Lease Family Dollar/Dollar Tree 415 6th St NE 10,500 SF 4-Star Retail Building Kenmare, ND 58746 $1,680,000 ($160/SF) 8% Cap Rate
INVESTMENT HIGHLIGHTS
- New 10 Year Net Leased Family Dollar
- Minimal Landlord Obligations - Roof, Structure & Parking Lot
- New Construction
- Brand New Hybrid Store Concept
- Corporate Guarantee
EXECUTIVE SUMMARY
This is an opportunity to purchase a new 10-year net-leased Family Dollar in
Kenmare, North Dakota. The lease calls for minimal landlord obligations. This
building features the latest dual-branded format, offering both Family Dollar and
Dollar Tree merchandise. The lease includes six 5-year renewal options with
$0.50/SF rent increases in each option period. The asset is ideally situated along
6th Street, offering convenient access to Highway 52.
Kenmare, North Dakota. The lease calls for minimal landlord obligations. This
building features the latest dual-branded format, offering both Family Dollar and
Dollar Tree merchandise. The lease includes six 5-year renewal options with
$0.50/SF rent increases in each option period. The asset is ideally situated along
6th Street, offering convenient access to Highway 52.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
10,500 SF
Building Class
B
LoopNet Rating
4 Star
Year Built
2024
Price
$1,680,000
Price Per SF
$160
Cap Rate
8%
NOI
$134,400
Tenancy
Single
Building Height
1 Story
Building FAR
0.43
Lot Size
0.56 AC
AMENITIES
- Signage
