Building Details

Year Built 2014

Tenancy Single

Listing Agency: Marcus & Millichap - Minneapolis a***@marcusmillichap.com Show Phone

Listed By: Jon Ruzicka · License #76173-94

Source: Crexi

Added: Apr 12 Changed: Aug 30 Last Checked: Sep 1 at 4:05AM

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Investment Insights

Based on property information with market context.

The offering comprises an 8,320-square-foot Family Dollar property on 1.07 acres at 620 N Wabasha in Plainview, Minnesota. The asset is subject to an Absolute Net lease, with no landlord responsibilities required under the stated arrangement.

Approximately six years remain on the current lease term, followed by six five-year renewal options. Family Dollar Corporate is identified as the lease tenant and carries an S&P Credit Rating of BBB.

Key Highlights

• 8,320 SF property situated on 1.07 acres
• Absolute Net lease with no landlord responsibilities
• Approximately six years remaining on the current lease term

Property Analytics

Property Profile

Current Use

Family Dollar Discount Store

Suggested Use

Top Pick Real Estate Agency Law Firm Parking Lot & Garage Auto Parts Store Kitchen & Bath Showroom Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Single-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

245

Businesses Nearby

19k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 86% Dining 14%

Cenex Shops & Services

5,462 visits/mo 0.1 miles

Family Dollar Shops & Services

5,380 visits/mo 0.0 miles

BP Shops & Services

4,188 visits/mo 0.4 miles

SUBWAY Dining

2,505 visits/mo 0.1 miles

Napa Auto Parts Shops & Services

1,001 visits/mo 0.1 miles

Demographics for 55964, MN

4,520

Population

1,793

Households

2.5

Avg Household Size

38

Median Age

27%

College-Educated

93%

High-School Grad

88.9 sq mi

ZIP Area

51

Density / Sq Mi

$72,765

Median Household Income

$41,901

Median Earnings

$777

Median Rent

$241,900

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

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Frequently Asked Questions

What type of property is this?

NNN property - Absolute net lease requires no landlord responsibilities under the stated lease structure.

Where is this nnn property located?

The property is located at 620 N Wabasha Plainview, MN.

What are key features of this property?

This property features: 8,320 SF property situated on 1.07 acres; Absolute Net lease with no landlord responsibilities; Approximately six years remaining on the current lease term