811 Parker Ave Dassel, MN 55325
- Retail properties
- 10,640 SF
- 1.72 lot acres
Current Use by Public Records
- Retail properties
Property Details for 811 Parker Ave
- Year built
- 2024
- Lot size
- 1.72 lot acres
- Property size
- 10,640 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
This exceptional investment opportunity presents a 10,640 square foot Dollar General store in Dassel, Minnesota, situated on a 1.72-acre lot. Boasting a 15-year NNN lease commencing November 10, 2024, and expiring November 30, 2039, this property offers a strong 6.25% cap rate with a substantial NOI of $147,165. The lease includes a corporate guaranty from Dollar General, a highly rated S&P BBB company with over 20,000 stores nationwide. Rent increases of 5% every 5 years ensure consistent growth. The property benefits from a prime location along Highway 12, experiencing an average daily traffic count of 7,900 vehicles, and is further enhanced by proximity to Highway 15 (4,624 average daily traffic). The surrounding area features a strong mix of complementary businesses, including Casey's, MN Fitness 24/7, and several local restaurants. Dassel itself offers a welcoming community atmosphere and is conveniently located approximately 54 miles west of Minneapolis, benefiting from a 5-mile average household income of $104,948. The property was built in 2024 and enjoys 100% occupancy. This is a rare opportunity to acquire a stable, high-performing retail investment with significant long-term potential. The lease also includes five 5-year options with 5% rent increases.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Dassel
- County
- Meeker
- State
- Minnesota
- Longitude
- -94.3175
- Latitude
- 45.0812
