Absolute NNN Grocery
For Sale
Contact for pricing
115 N Boardman Ave, New York Mills, MN 56567
Retail property occupied by Dollar General under an absolute NNN lease with scheduled renewal terms.
Property SizeContact for details
Days on Market145
Property Features for 115 N Boardman Ave
General Information
Standard status
Active
Property subtype
Retail
Building Details
Tenancy
Single
Listing Agency:
SVN Northco Real Estate Services
(952) 820-1615
Listed By:
Frank Jermusek · License #20587652
Source:
Crexi
Added: Apr 10
Changed: Aug 31
Last Checked: Aug 30 at 9:04AM
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 SVN Northco Real Estate Services
Investment Insights
Based on property information with market context.
This retail property is occupied by Dollar General and structured under an absolute NNN lease. The initial lease term extends through 9/30/30, with renewal periods that include 10% rent increases. The offering also includes a clean Phase 1 report and an ALTA As-Built Survey, providing established documentation for review.
The property is located in New York Mills, Minnesota, approximately 77 miles southeast of Fargo. New York Mills is home to Lund Boats and offers access to recreational activities including fishing, waterskiing, boating, and cross-country skiing. The location may also be evaluated alongside up to 10 other Minnesota properties for portfolio assembly or a larger 1031 exchange.
The property is located in New York Mills, Minnesota, approximately 77 miles southeast of Fargo. New York Mills is home to Lund Boats and offers access to recreational activities including fishing, waterskiing, boating, and cross-country skiing. The location may also be evaluated alongside up to 10 other Minnesota properties for portfolio assembly or a larger 1031 exchange.
Key Highlights
- Dollar General retail property under an absolute NNN lease
- Initial lease term runs through 9/30/30
- Renewal periods include 10% rent increases
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
148
Businesses Nearby
4k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
4,185 visits/mo
0.1 miles
Demographics for 56567, MN
3,511
Population
1,497
Households
2.3
Avg Household Size
39
Median Age
18%
College-Educated
93%
High-School Grad
148.4 sq mi
ZIP Area
24
Density / Sq Mi
$69,919
Median Household Income
$41,313
Median Earnings
$719
Median Rent
$189,400
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Retail property occupied by Dollar General under an absolute NNN lease with scheduled renewal terms.
Where is this grocery and convenience store located?
The property is located at 115 N Boardman Ave New York Mills, MN.
What are key features of this property?
This property features: Dollar General retail property under an absolute NNN lease; Initial lease term runs through 9/30/30; Renewal periods include 10% rent increases
