811 Parker Ave, Dassel, MN 55325
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.