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198 Oak St Dawson, MN 56232

Sponsored
For Sale
$1,135,880

High-yield retail investment, strong tenant.

Property size:
8,320 SF

Description

Added:
Dec 11, 2024
Days on Market:
392
This exceptional investment opportunity presents a 8,320-square-foot Dollar General store located at 198 Oak St, Dawson, MN 56232. The property, built in 2015 and renovated in 2022, sits on a 1.23-acre lot and boasts a 100% occupancy rate with a strong, credit-rated corporate tenant under a Net Lease agreement. The current lease, commenced June 9, 2020, has a remaining term of 5.6 years and includes four 5-year options with 10% rent bumps. The property generates a substantial net operating income (NOI) of $88,042, resulting in an attractive 7.75% cap rate. The asking price is $1,135,880, translating to $136.52 per square foot. This single-tenant property benefits from minimal landlord responsibilities and is situated on a main retail corridor with high visibility and traffic. The location in Dawson, Minnesota, provides access to excellent school and healthcare systems, serving as a primary source of goods for local residents with limited retail competition. This is a rare opportunity to acquire a stable, high-performing retail investment with significant long-term potential.

Property Features for 198 Oak St

General Information

Property type
Individual retail properties
Square Feet
8,320 SF
Lot Size
53,579 SF

Building Details

Year Built/Renovated
2015/2022
Buildings
1
Units
1

HighLights

  • 8,320 SF Dollar General with over 6 years remaining on the current lease term.
  • Net lease with minimal landlord responsibilities.
  • High‑traffic location on Oak Street/US‑212, with nearly 4,300 vehicles per day.
  • Limited retail competition, serving as a primary goods source for local residents.
  • Located in Dawson, MN, offering access to excellent schools and healthcare.
Property Profile Location Intelligence

Current Use by Public Records

Dollar General Dollar Store Western Union Money Transfer Service

Suggested Use

Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Pharmacy Auto Repair Shop

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Dawson
County
Lac Qui Parle
State
Minnesota
Longitude
-96.0487
Latitude
44.9362

FAQs

What type of property is this?
Individual retail property - High-yield retail investment, strong tenant.
Where is this individual retail property located?
The property is located at 198 Oak St Dawson, MN.
What is the asking price?
The asking price for this property is $1,135,880.
What are key features of this property?
This property features: 8,320 SF Dollar General with over 6 years remaining on the current lease term.; Net lease with minimal landlord responsibilities.; High-traffic location on Oak Street/US-212, with nearly 4,300 vehicles per day.
More about this property
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