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Dollar General 8179 Highway 32

9,100 SF Retail Building Gwinner, ND 58040 $1,008,917 ($111/SF) 7.85% Cap Rate

Investment Highlights

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

Executive Summary

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.

Data Room Click Here to Access

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Convenience Store
Building Size
9,100 SF
Building Class
B
Year Built
2017
Price
$1,008,917
Price Per SF
$111
Cap Rate
7.85%
NOI
$79,200
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
1.52 AC
Frontage
215 FT on 131st Ave SE

MAJOR TENANTS Click Here to Access

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Retailer
  • 99,999 SF
  • $9.99
  • Lorem Ipsum
  • Jan 0000

At Dollar General, their actions are guided by a simple mission: Serving Others. For their customers, this means placing them at the center of all they do, working every day to deliver value and convenience through their neighborhood general stores. For their employees, this means respect and the opportunity to grow and develop their careers, and for their communities, this means helping support the communities they call home. They strive to make shopping hassle-free and affordable with easy-to-shop stores. Their stores deliver everyday low prices on items including food, snacks, health and beauty aids, cleaning supplies, basic apparel, housewares, seasonal items, paper products and much more from America’s most-trusted brands and products, along with high-quality private brands.

Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Retailer 99,999 SF $9.99 Lorem Ipsum Jan 0000

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
319506000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$31,950
  • Listing ID: 34414181

  • Date on Market: 1/8/2025

  • Last Updated:

  • Address: 8179 Highway 32, Gwinner, ND 58040

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