Dollar General – Mayville, ND — photo 1 of 6 — Dollar General – Mayville, ND

Retail – Discount / GroceryMayville, NDCode AMC-4190

Dollar General – Mayville, ND

Mayville, ND

Status

Sold

Closed Feb 20, 2025 · Listed Aug 9, 2024

Sale price and cap rate are not disclosed. Property facts are shown as marketed.

Property details

Tenant: Dollar General
Property type: Retail – Discount / Grocery
Lease type: Absolute NNN
Lease guarantee: Corporately Guaranteed
Term remaining: 7.5 yrs
Listing code: AMC-4190

Investment highlights

Rare 3% Increase in Primary Term
Located near the Sanford Mayville Medical Center
Located next to Mayport Farmers Co-Op
Located across from Stand Ready-Mix
1 Mile away from Mayville State University
Mayville is known for its good schools and healthcare facilities.
Located near Alton Grain Terminal, Kelly Bean Company and Valley United Co-Op

Sale description

We are pleased to offer for sale this prime investment opportunity: a 9,026 SF Dollar General property in the thriving community of Mayville, North Dakota. Built in 2017 and situated on a 0.9-acre lot, this property boasts a solid 8.12% cap rate with a long-term absolute NNN lease, offering 7.5 years of remaining term. Positioned near Mayville State University and other key local businesses, this asset provides a stable income stream with minimal management responsibilities.

Published Aug 9, 2024. Information is provided by AMC REIS from sources believed reliable; buyers should verify all figures in the offering memorandum.