Single-Tenant Dollar General
1106 4th Ave NW, Minot, ND 58703
For Sale
Contact for pricing
Corporate-guaranteed absolute NNN investment with 10% option-period rent increases and long remaining term.
Property Size9,100 SF
Lot Size0.87 Acres
Price / SF$157.80
Days on Market153
Property Features for 1106 4th Ave NW
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Lease Type
Investment Type
Net Operating Income
Building Details
Year Built
Tenancy
Listing Agency:
Century Partners RE
Listed By:
Marc Merchant · License CA #02117365
Source:
Crexi
Added: Jun 15
Changed: Nov 4
Last Checked: Nov 12 at 4:28AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Century Partners RE
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Investment Insights
Based on property information with market context.
This single-tenant Dollar General property is an absolute NNN investment with a corporate guarantee. The offering includes a 9,100 SF building on 0.87 acres in Minot, North Dakota, supported by a legacy lease structure. The lease features 10% rent increases at each option period, with approximately 9 years remaining on the current term and four additional 5-year options.
The property is positioned on 4th Avenue NW, described as the primary east-west thoroughfare connecting residential and university areas directly to the U.S. Highway 83 Bypass. The provided remarks cite Placer.ai positioning for Dollar General’s store performance in North Dakota and nationally, and describe the local market as supported by military, energy, healthcare, and agricultural employment anchored by Minot Air Force Base.
For investors seeking a long-term, passive income profile tied to a single operator, this structure is designed around corporate backing and an absolute NNN framework. The lease term and option periods are structured to deliver scheduled rent growth beyond typical 5% structures referenced in the materials, backed by Dollar General Corporation, identified in the remarks as a Fortune 500 company with a Baa3/BBB credit rating.
The property is positioned on 4th Avenue NW, described as the primary east-west thoroughfare connecting residential and university areas directly to the U.S. Highway 83 Bypass. The provided remarks cite Placer.ai positioning for Dollar General’s store performance in North Dakota and nationally, and describe the local market as supported by military, energy, healthcare, and agricultural employment anchored by Minot Air Force Base.
For investors seeking a long-term, passive income profile tied to a single operator, this structure is designed around corporate backing and an absolute NNN framework. The lease term and option periods are structured to deliver scheduled rent growth beyond typical 5% structures referenced in the materials, backed by Dollar General Corporation, identified in the remarks as a Fortune 500 company with a Baa3/BBB credit rating.
Key Highlights
- Single‑tenant Dollar General building built in 2020, offering a corporate‑guaranteed absolute NNN lease structure.
- 9,100 SF building on 0.87 acres at 1106 4th Avenue NW in downtown Minot, ND.
- Approximately $286,000 more income through 2055 compared to a new Dollar General lease, per provided remarks.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$74,835
Cap Rate
5.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,496,700
$1.5M
Cap Rate 7%
$1,069,071
$1.1M
Cap Rate 9%
$831,500
$831.5K
Market Conditions
NOI Build-Up for 9,100 SF
Gross rent
$109.2K $12.00/SF
− Vacancy
−$2.3K −$0.25/SF
EGI
$106.9K $11.75/SF
− OpEx
−$32.1K −$3.52/SF
NOI
$74.8K $8.22/SF
Area
Ward County, ND
Vacancy
2.10%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,496,700
Cap Rate 7%
$1,069,071
Cap Rate 9%
$831,500
Alternative Uses
Best Use
Retail
$1.07M
$935.4K – $1.25M
NOI $74,835 @ 7.0% cap · market cap 5.21%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.22M
$1.07M – $1.43M
NOI $85,525 @ 7.0% cap · market cap 5.96%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
362
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 58703, ND
23,341
Population
10,643
Households
2.2
Avg Household Size
31
Median Age
34%
College-Educated
95%
High-School Grad
156.2 sq mi
ZIP Area
149
Density / Sq Mi
$82,926
Median Household Income
$48,355
Median Earnings
$1,030
Median Rent
$254,800
Median Home Value
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Storefront property - Corporate-guaranteed absolute NNN investment with 10% option-period rent increases and long remaining term.
Where is this storefront property located?
The property is located at 1106 4th Ave NW Minot, ND.
What is the asking price?
The asking price for this property is $1,436,000.
What are key features of this property?
This property features: Single‑tenant Dollar General building built in 2020, offering a corporate‑guaranteed absolute NNN lease structure.; 9,100 SF building on 0.87 acres at 1106 4th Avenue NW in downtown Minot, ND.; Approximately $286,000 more income through 2055 compared to a new Dollar General lease, per provided remarks.
