Dollar General Absolute NNN
For Sale
Contact for pricing
523 2nd St NE, Tioga, ND 58852
Corporate-backed store with a long initial lease term and multiple renewal options.
Property Size9,002 SF
Days on Market141
Property Features for 523 2nd St NE
General Information
Standard status
Active
Size
9,002 SF
Property subtype
Retail
Occupancy
100%
Net Operating Income
$94,800
Site & Location
Corner Location
Yes
Traffic Count
6,845 vehicles/day
Road Access
Yes
Additional Details
Cap Rate
5.75%
Building Details
Year Built
2021
Buildings
1
Tenancy
Single
Listing Agency:
Fortis Net Lease
(248) 419-3810
Listed By:
Bryan Bender · License #MI 6501319610
Source:
Crexi
Added: Apr 12
Changed: Aug 30
Last Checked: Aug 30 at 11:24AM
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 Fortis Net Lease
Investment Insights
Based on property information with market context.
This 9,002-square-foot Dollar General store in Tioga, North Dakota, opened in January 2021 following new construction. The property is subject to a 15-year absolute NNN lease, placing landlord responsibilities with the tenant under the stated lease structure. Dollar General Corporation provides the corporate guarantee and holds a BBB credit rating identified as investment grade.
The store occupies the corner of 2nd St NE and 104th Ave NW, a location reported to receive 6,845 cars per day. The lease includes four five-year renewal options, with a 10% rental rate increase at each option period. The asset offers fee simple ownership of an operating national retail location and may accommodate a 1031 exchange strategy.
The store occupies the corner of 2nd St NE and 104th Ave NW, a location reported to receive 6,845 cars per day. The lease includes four five-year renewal options, with a 10% rental rate increase at each option period. The asset offers fee simple ownership of an operating national retail location and may accommodate a 1031 exchange strategy.
Key Highlights
- 9,002 SF Dollar General store opened January 2021
- 15‑year absolute NNN lease
- Four 5‑year renewal options with a 10% rental rate increase at each option
Property Analytics
Property Profile
Current Use
Lease Details
6,845 VPD
Traffic count
100%
Occupancy
Single-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
198
Businesses Nearby
Explore this area
Business Placement
Demographics for 58852, ND
2,822
Population
1,277
Households
2.2
Avg Household Size
36
Median Age
20%
College-Educated
87%
High-School Grad
310.6 sq mi
ZIP Area
9
Density / Sq Mi
$67,143
Median Household Income
$49,193
Median Earnings
$1,043
Median Rent
$207,200
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
NNN property - Corporate-backed store with a long initial lease term and multiple renewal options.
Where is this nnn property located?
The property is located at 523 2nd St NE Tioga, ND.
What are key features of this property?
This property features: 9,002 SF Dollar General store opened January 2021; 15‑year absolute NNN lease; Four 5‑year renewal options with a 10% rental rate increase at each option
