Portfolio of 14 corporate-guaranteed Dollar General stores across seven states.
Property SizeContact for details
Days on Market156
Property Features for 701 N Sibley Ave
General Information
Standard statusPending
Property subtypeRetail
Occupancy100%
Lease TypeAbsolute Net
Investment TypeNet Lease
Net Operating Income$1,439,527
Building Details
Year Built2022
Buildings1
Stories1
Units14
TenancySingle
Listing Agency:Marcus & Millichap(786) 522-7009
Listed By:Scott Sandelin · License #FL SL636794
Source:Crexi
Added: Mar 17Changed: Aug 16Last Checked: Aug 19 at 1:44PM
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 Marcus & Millichap
Investment Insights
Based on property information with market context.
This net-leased investment opportunity features 14 newer construction, corporate-guaranteed Dollar General stores across seven states: New York, Pennsylvania, Illinois, Iowa, Missouri, Minnesota, and Kentucky. These properties feature absolute NNN leases with zero landlord responsibilities, providing passive income streams backed by Dollar General's investment-grade credit rating. The stores are strategically located in growing communities within established metropolitan statistical areas and rural markets. The portfolio emphasizes locations in small towns and rural areas with strong economic drivers such as manufacturing, healthcare, education, and retail trade. The Litchfield, MN property, located at 701 N Sibley Ave, benefits from a manufacturing-heavy economy and proximity to St. Cloud State University. Other locations include Hemlock and Lansing, NY; Josephine, Hopewell, and Kittanning, PA; Northwood and Belle Plaine, IA; Webb City and Harrisonville, MO; and Topmost, Breeding, and Manchester, KY. These properties offer attractive cap rates with corporate NNN leases featuring 10% rent increases every option term, ensuring built-in growth. With WALT of 10.5+ years remaining on leases (expiring 2036–2038), the portfolio underscores Dollar General's commitment to serving underserved rural markets. Dollar General Corporation (NYSE: DG) is a leading discount retailer with over 20,388 stores across 48 states. Backed by an investment-grade credit rating (BBB from S&P, Baa2 from Moody's), the company reported $40.61 billion in revenue for fiscal 2025 and employs 194,000+ people.
Key Highlights
Portfolio of 14 newer construction Dollar General stores with corporate guarantees.
Absolute NNN leases offer truly passive income with zero landlord responsibilities.
Dollar General's investment‑grade credit rating (BBB/Baa2) ensures reliable tenancy.**
Property Analytics
Property Profile
Current Use
Western UnionBankDollar GeneralDiscount Store
Suggested Use
Top PickElectrical Service(Bike/Boat/Book/etc) StoreCatering ServiceFood MarketSkin Care ClinicBarber Shop
Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Trade Area within ½ mile
279
Businesses Nearby
6k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
SpeedwayShops & Services
5,800 visits/mo0.4 miles
Demographics for 55355, MN
9,592
Population
4,560
Households
2.1
Avg Household Size
43
Median Age
22%
College-Educated
95%
High-School Grad
171.7 sq mi
ZIP Area
56
Density / Sq Mi
$70,878
Median Household Income
$44,577
Median Earnings
$929
Median Rent
$210,200
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
Questions? Ask Rey
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Grocery and convenience store - Portfolio of 14 corporate-guaranteed Dollar General stores across seven states.
Where is this grocery and convenience store located?
The property is located at 701 N Sibley Ave Litchfield, MN.
What is the asking price?
The asking price for this property is $19,453,062.
What are key features of this property?
This property features: Portfolio of 14 newer construction Dollar General stores with corporate guarantees.; Absolute NNN leases offer truly passive income with zero landlord responsibilities.; Dollar General's investment‑grade credit rating (BBB/Baa2) ensures reliable tenancy.**