Property profile

811 Parker Ave Dassel, MN 55325

OFF-MARKET
Retail properties & Spaces
10,640 SF 1.72 ac lot Built 2024
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Retail properties & Spaces
Year built 2024
Total area 10,640 SF
Lot 1.72 ac (74,923 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

811 Parker Ave Dassel, MN 55325
Dassel metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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