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824 Dakota Ave Wahpeton, ND 58075

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For Lease
$1,521,162

Dollar General store in Wahpeton, ND with investment grade credit.

Building Details

Year built
1977

Source: Bryan Bender Agent Bryan Bender

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Dollar General Investment Opportunity

This 15,311 square foot Dollar General store is located in Wahpeton, North Dakota. The property is secured with a 10-year Double Net (NN) Lease, with the landlord responsible for roof and restructure. The lease includes 10% rental rate increases at each of the four 5-year renewal options. The lease is corporately guaranteed by Dollar General Corporation, which holds a 'BBB' credit rating, classified as investment grade. The store, retrofitted from a former Family Dollar, has been open and operating since November 2023. Positioned on the hard corner of 9th Street N and Dakota Avenue, the site benefits from high visibility with a traffic count of 10,006 cars per day. The surrounding area has a ten-mile population of 13,323 and a three-mile average household income of $64,343 per year. The location is surrounded by local businesses and residential homes. The store ranks in the top 20% of all Dollar General stores in North Dakota based on foot traffic. Wahpeton is located along the Red River, across from Breckenridge, Minnesota. It lies at the junction of U.S. Highways 75 and 210, and North Dakota Highway 13, approximately 50 miles south of Fargo. The property has multiple points of ingress and egress.
Location Intelligence

Current Use by Public Records

Dollar General Dollar Store

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Wahpeton
County
Richland
State
North Dakota
Longitude
-96.611963
Latitude
46.263981

FAQs

What type of property is this?
NNN property - Dollar General store in Wahpeton, ND with investment grade credit.
Where is this nnn property located?
The property is located at 824 Dakota Ave Wahpeton, ND.
What are key features of this property?
This property features: - Investment Grade Tenant: Leased to Dollar General Corporation with a "BBB" credit rating.; - Strong Rental Increases: Lease includes 10% rental rate increases at each renewal.; - High-Performing Store: Ranks in the top 20% of all North Dakota Dollar General stores based on foot traffic.
More about this property
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