Map of Property

NNN Leased Dollar General

For Sale

306 N Maine Ave, Adrian, MN 56110

This Adrian property for sale is located at 306 N Maine Ave. The current listed sale price for NNN Leased Dollar General is $1,413,250. NNN Leased Dollar General is situated on a lot that is 1.78 acre in size.

Contacts

broker
Peter Colvin

SVN | Silveri Company

Property Details

  • Property Type Retail - Freestanding
  • Property Size 9,337 SF
  • Lot Size 1.78 Acre
  • Additional Rent Contact for pricing
  • Property Tenancy Single Tenant
  • Date Updated Dec 2, 2024
xThe SVN Colvin Team is pleased to present this Absolute Triple Net Dollar General in western Minnesota. This location is part of a Dollar General portfolio of four locations, three in MN and one in IL. The portfolio has assumable, non-recourse financing that is interest-only. The four locations are available for $5,500,000. Equity required is $2,435,000. The lender already has the phase 1 reports, ALTA surveys, appraisals and other information so the buyer would not be required to pay for new reports, saving about $40,000 in upfront costs! This location opened in October of 2015. The fifteen year base lease term runs to September 30, 2030, plus five renewal periods of five years each, with 10% rent increases in each one. This busy Dollar General is located just off the I-90 exit on Highway 91 and surrounded by commercial and residential. There are over 4,000 people living within a ten mile radius. Co-listed with MN Broker of Record SVN Northco.
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Highlights

  • Absolute NNN
  • Part of a 4 Location Portfolio
  • Assumable, Interest Only, Non-Recourse Financing.

Attachments

Getting around

  • 28/100

    Walk Score ®

  • 36/100

    Bike Score ®

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Location

  • City Adrian, MN
  • Zip Code 56110

Points of Interest

  • Cenex

    0.07 miles

  • Kum & Go (Cars)

    0.08 miles

  • Kum & Go (Trucks)

    0.11 miles

  • Truck Parking

    0.13 miles

  • Pool

    0.14 miles

  • Cars

    1.71 miles

  • Trucks

    1.78 miles

  • Parking Lot, Aid-pit WMA

    5.12 miles

  • Parking Lot, Sherwood WMA

    5.36 miles

  • Natural/Grass Surface Parking Lot, Lambert Heikes WMA

    6.54 miles

  • The Little Guy

    0.10 miles

  • Subway

    0.10 miles

  • Countryside Inn

    0.10 miles

  • Keith's Grocery & Bake Shoppe

    0.42 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Peter Colvin

SVN | Silveri Company