808 Atlantic Ave S
Hallock, MN 56728

The lease structure is triple net (NNN), with zero landlord responsibilities. Tenant is responsible for maintaining, repairing, and replacing all aspects of the property, as well as all required insurances, taxes, and utilities. There are twelve (12.8) years remaining on the lease term, plus five (5), five (5) year options. The lease provides for 10% rental increases at each option period. The lease is corporately guaranteed by Dollar General Corporation, which has an investment grade credit rating of BBB (S&P). The average household income in the five (5) mile demographic ring is $74,727. The City of Hallock has a limited amount of retail within the city limits. Dollar General serves as the go-to store for surrounding residents. The next closest Dollar General is 33 miles (37 minutes) from the subject property. Hallock is the county seat of Kittson County, the northwestern-most county in Minnesota, and located just 20 miles from the Canadian Border. Whether you are looking for a relaxing getaway or an outdoor family adventure, Hallock is the place to find activities ranging from worldclass bird watching, camping, and golfing; to snow shoeing, crosscountry skiing, and snowmobiling. Hallock is home of the Hallock Ice Arena and Hallock Curling Club, attracting visitors from Winnipeg, MB to St. Paul, MN and everywhere in between. Both facilities located within minutes of the subject property. Since agriculture is the major industry of the area, farmers depend on Hallock and Hallock depends on farmers. Farming and its related industries provide a large share of the employment and tax base for the community.