Single-Tenant Dollar General
1106 4th Ave NW, Minot, ND 58703
Corporate-guaranteed absolute NNN investment with 10% option-period rent increases and long remaining term.
Type:Retail
Property size:
9,100 SFLot size:
0.87 AcresPrice / SF:
$157/SF- Added:
- Jun 15, 2026
- Days on Market:
- 13
- Last Refresh:
- Jun 20 at 9:53 am
Property Features for 1106 4th Ave NW
General Information
- Standard status
- Active
- Size
- 9,100 SF
- Lot size
- 0.87 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 2020
Listing office Century Partners RE
Listing date Jun 15, 2026
Source Crexi
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
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.
- Current lease has about 9 years remaining with four 5‑year options and 10% rent increases at each option period.
- Backed by Dollar General Corporation (Fortune 500) with investment‑grade credit rating (Baa3/BBB), per provided remarks.
Overview
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.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $109.2k | $12.00 |
| − Vacancy | −$2.3k | −$0.25 |
| EGI | $106.9k | $11.75 |
| − OpEx | −$32.1k | −$3.52 |
| NOI | $74.8k | $8.22 |
9,100 SF · lease $12.00/SF/yr · vacancy 2.10% · expense 30.00%
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 local authorities.
Location Intelligence
Current Use by Public Records
Dollar General
Discount Store
Western Union
Bank
FedEx OnSite
Postal Service
Location Insight
- Map
- Local Demand
- City
- Minot
- County
- Ward
- State
- North Dakota
- Longitude
- -101.311288
- Latitude
- 48.240242
Nearby Similar for Sale
FAQs
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.
