22129 321St Ave Aitkin, MN 56431
NNN leased Dollar General near Mille Lacs Lake.
Property size:
10,566 SFLot size:
2.65 AcresProperty Features for 22129 321St Ave
General Information
- Size
- 10,566 SF
- Lot size
- 2.65 Acres
Source:
Moodyscre
Listing Agent: Deborah Vannelli
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Dollar General Investment Opportunity
This property features a Dollar General operating under a 15-year NNN lease with 5% rent increases every 5 years, guaranteed by Dollar General Corporate. Dollar General, rated BBB by S&P, has over 20,000 stores across the United States and Mexico, with revenues of $38.7 billion and a net worth of $6.7 billion as of February 2, 2024. The store is located near Mille Lacs Lake, Minnesota’s second-largest inland lake, a popular fishing destination for Walleye, Muskie, Northern Pike, and Smallmouth Bass. Mille Lacs is home to several resorts, including Agate Bay Resort, Appledorn’s Sunset Bay Resort, Fisher’s Resort, Mille Lacs Lake Resort, and Izaty’s. The average household income within a 10-mile radius is $80,432. Given that the nearest grocery store is over 15 miles away, this Dollar General serves as a crucial resource for seasonal guests at nearby resorts and cabins. Aitkin is located approximately 2 hours north of Minneapolis/St. Paul. The property size is 10,566 square feet.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Grocery and convenience stores
Location Insight
- Map
- Local Demand
- City
- Aitkin
- County
- Aitkin
- State
- Minnesota
- Longitude
- -93.5179476
- Latitude
- 46.3344672
Nearby Similar for Sale
FAQs
What type of property is this?
Grocery and convenience store - NNN leased Dollar General near Mille Lacs Lake.
Where is this grocery and convenience store located?
The property is located at 22129 321St Ave Aitkin, MN.
What is the asking price?
The asking price for this property is $2,035,660.
What are key features of this property?
This property features: - 15-year NNN lease with Dollar General Corporate Guaranty.; - 5% rent increases every 5 years.; - Dollar General is an S&P Rated BBB company with substantial revenue and net worth.