1100 Giant Dr, Blue Earth, MN 56013-1715

This exceptional investment opportunity presents a fee-simple ownership of a freestanding Dollar General store in Blue Earth, Minnesota. The 9,014 square foot building, constructed in 2006 and renovated in 2020, sits on a prime location at 1100 Giant Dr, 56013. The property boasts a strong Class A Net Lease (NN+) agreement with Dollar General Corporation, offering a remaining lease term of 5.4 years with one 5-year renewal option. The lease includes rent bumps, ensuring consistent NOI growth. The current annual Net Operating Income (NOI) is $57,758, yielding a 7.75% cap rate on the $745,200 asking price. This low-management investment is ideal for passive investors seeking a stable, high-performing asset. The tenant's long-term commitment, coupled with the recent lease extension and building improvements, provides significant security and potential for future appreciation. The property benefits from its location across from Blue Earth High School and the absence of significant competition following the closure of a nearby Walmart. This is a rare opportunity to acquire a well-established, high-performing retail property with a strong tenant and favorable lease terms.