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Property profile & analytics
FOR SALE
Storefront properties

1106 4Th Ave NW Minot, ND 58703

9,100 SF Built 2020
Property ID
US56-0728247
Property summary
AI-generated overview

This single tenant Dollar General property in Minot, North Dakota represents a rare opportunity to acquire a corporate-guaranteed, absolute NNN investment with 10% rent increases at each option period. Located at 1106 4th Avenue NW, the 9,100 SF building sits on 0.87 acres in downtown Minot, a critical regional trade center for northern North Dakota. The property is strategically positioned on 4th Avenue NW, the primary east-west thoroughfare linking residential and university areas directly to the U.S. Highway 83 Bypass. According to Placer.ai, this location ranks as the #7 Dollar General store in North Dakota and in the top 20th percentile nationally, demonstrating strong performance in a market supported by stable military, energy, healthcare, and agricultural employment drivers anchored by Minot Air Force Base. The legacy lease structure delivers approximately $286,000 more income through 2055 compared to a new Dollar General lease, with 10% option increases significantly outpacing the typical 5% structure found in newer leases. With approximately 9 years remaining on the current term and four 5-year options, this investment offers long-term passive income backed by Dollar General Corporation, a Fortune 500 company with investment-grade credit rating (Baa3/BBB). The trade area features affluent demographics with $97,217 average household income within 3 miles supporting $530.8M in annual consumer spending, while limited small box discount competition in the immediate area provides Dollar General with a strong competitive position in this market.

Property profile
Verified
Property type Storefront properties
Year built 2020
Total area 9,100 SF
UPID US56-0728247
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Dollar General Discount Store
  • Western Union Bank Credit Union
  • FedEx OnSite Postal Service Courier Service
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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