Kenmare, ND Family Dollar
For Sale
Contact for pricing
416 6th St NE, Kenmare, ND 58746
Net-leased Family Dollar in Kenmare, ND with corporate guarantee.
Property Size10,500 SF
Price / SF$142.22
Days on Market183
Property Features for 416 6th St NE
General Information
Standard status
Active
Size
10,500 SF
Property subtype
Retail
Occupancy
100%
Lease Type
NN
Investment Type
Net Lease
Net Operating Income
$134,400
Building Details
Tenancy
Single
Listing Agency:
The Kase Group
(415) 269-2474
Listed By:
Jacob Abusharkh · License #CA 01385529
Source:
Crexi
Added: Feb 9
Changed: Aug 8
Last Checked: Aug 10 at 4:16PM
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 The Kase Group
Investment Insights
Based on property information with market context.
This net-leased Family Dollar location is in Kenmare, North Dakota. The lease has a 10-year term with minimal landlord responsibilities. The lease includes six 5-year renewal options, each with a $0.50/SF rent increase. The lease is backed by a corporate guarantee from Family Dollar. The property is located along 6th Street in Kenmare, providing visibility and access to Highway 52. The property benefits from a central position in a growing area of the city, attracting a steady flow of customers both locally and from nearby areas. Its location in a well-established neighborhood with minimal competing retailers nearby allows Family Dollar to serve as a go-to discount store for local residents. Its proximity to major transportation routes enhances its appeal to customers and increases potential foot traffic. The property is 10,500 square feet.
Key Highlights
- 10‑year net lease, minimal landlord responsibilities for stable income.
- Corporate guarantee from Family Dollar ensures lease security.
- Six 5‑year renewal options with rent increases for future growth.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$86,348
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.78%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,726,960
$1.7M
Cap Rate 7%
$1,233,543
$1.2M
Cap Rate 9%
$959,422
$959.4K
Market Conditions
NOI Build-Up for 10,500 SF
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.
Gross rent
$126.0K $12.00/SF
− Vacancy
−$2.6K −$0.25/SF
EGI
$123.4K $11.75/SF
− OpEx
−$37.0K −$3.52/SF
NOI
$86.3K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,726,960
Cap Rate 7%
$1,233,543
Cap Rate 9%
$959,422
Alternative Uses
Best Use
Retail
$1.23M
$1.08M – $1.44M
NOI $86,348 @ 7.0% cap · market cap 5.78%
Second Best
Specialty Retail
$821.3K
$718.7K – $958.2K
NOI $57,494 @ 7.0% cap · market cap 3.85%
Theoretical Best
Office A
$1.41M
$1.23M – $1.64M
NOI $98,683 @ 7.0% cap · market cap 6.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
181
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
2,463 visits/mo
0.1 miles
Family Dollar
Shops & Services
1,533 visits/mo
0.1 miles
Demographics for 58746, ND
1,462
Population
880
Households
1.7
Avg Household Size
44
Median Age
19%
College-Educated
92%
High-School Grad
446.7 sq mi
ZIP Area
3
Density / Sq Mi
$71,563
Median Household Income
$53,906
Median Earnings
$815
Median Rent
$148,300
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Net-leased Family Dollar in Kenmare, ND with corporate guarantee.
Where is this grocery and convenience store located?
The property is located at 416 6th St NE Kenmare, ND.
What is the asking price?
The asking price for this property is $1,493,333.
What are key features of this property?
This property features: 10‑year net lease, minimal landlord responsibilities for stable income.; Corporate guarantee from Family Dollar ensures lease security.; Six 5‑year renewal options with rent increases for future growth.
