NNN Leased Dollar General

For Sale

306 Nokomis Street East, Osakis, MN 56360

This Osakis property for sale is located at 306 Nokomis Street East. The current listed sale price for NNN Leased Dollar General is $1,334,400. NNN Leased Dollar General is situated on a lot that is 1.56 acre in size.

Contacts

broker
Peter Colvin

SVN | Silveri Company

Property Details

  • Property Type Retail - Street Retail
  • Property Size 9,220 SF
  • Lot Size 1.56 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 a Minnesota Lake resort town. 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. Osakis is located on the south end of the popular Lake Osakis, a 6,300-acre fishing and recreation area with lodges, gift and antique shops, restaurants and family attractions along with many community events and festivals held throughout the year. This Dollar General is located just north of the I-94 Exit on busy Highway 82 and surrounded by commercial and residential. There are over 10,000 people living within a ten mile radius, plus vacation home owners and visitors. Co-listed with MN Broker Of Record SVN Northco.
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Highlights

  • Absolute NNN
  • Part of a 4 Dollar General Portfolio
  • Assumable Financing (Non Recourse / Interest Only!)

Attachments

Getting around

  • 47/100

    Walk Score ®

  • 54/100

    Bike Score ®

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Location

  • City Osakis, MN
  • Zip Code 56360

Points of Interest

  • Deluxe Oil

    0.53 miles

  • Tesoro

    0.59 miles

  • School Bus Parking

    0.29 miles

  • Car/Boat Trailer Parking

    0.38 miles

  • Parking Lot, Osakis WMA, North Unit

    1.30 miles

  • Parking Lot, Spohn WMA

    3.04 miles

  • Parking Lot, Randall WMA

    3.62 miles

  • Parking Lot, West Union WMA

    3.66 miles

  • Parking Lot, Quistorff WMA

    3.79 miles

  • Parking Lot, Aurzada Prairie WMA

    3.84 miles

  • Parking Lot, Kuhtz Lake WMA

    6.42 miles

  • Parking Lot, Santer WMA

    6.47 miles

  • Piccadilly Pizza & Subs

    0.09 miles

  • Sportsmen's Cafe

    0.10 miles

  • AJ's Cafe

    0.29 miles

  • Tip Top Dairy Bar

    0.34 miles

  • Subway

    0.57 miles

  • A&W

    0.58 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