542 State 371 NW Backus, MN 56435

Listing agency SVN Northco Real Estate Services F***@SVN.COM Show Phone

Listed by Frank Jermusek · License #20587652

Source Crexi

Added: Apr 10 Updated: Jul 20 at 7:49PM Checked: Jul 21 at 4:50AM

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Investment Insights

Based on property information with market context.

This offering presents an absolute triple-net Dollar General property in Backus, Minnesota. The base term runs through 9/30/31, with renewals that include 10% rent increases in each.

The property is located at 542 State 371 NW in Backus, MN 56435. A clean Phase 1 report and an ALTA As-Built Survey are noted in the materials provided.

The seller describes the asset as a stand-alone location, with the option to combine it with up to 10 other Minnesota locations for a portfolio approach or a larger 1031 exchange.

Key Highlights

• Absolute triple‑net Dollar General with a base lease term through 9/30/31 plus renewal options
• Lease renewals include 10% rent increases in each renewal term
• Clean Phase 1 report and ALTA As‑Built Survey provided

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FAQs

What type of property is this?

NNN property - Standalone Dollar General offered on an absolute triple-net basis with a term through 9/30/31.

Where is this nnn property located?

The property is located at 542 State 371 NW Backus, MN.

What are key features of this property?

This property features: Absolute triple‑net Dollar General with a base lease term through 9/30/31 plus renewal options; Lease renewals include 10% rent increases in each renewal term; Clean Phase 1 report and ALTA As‑Built Survey provided