198 Oak St Dawson, MN 56232

Property Details for 198 Oak St

Lot size

1.23 lot acres

Property type

Commercial real estate

APN

50-0675-080

APU

500675080

Description

This exceptional investment opportunity presents a 8,320-square-foot Dollar General store located at 198 Oak St, Dawson, MN 56232. The property, built in 2015 and renovated in 2022, sits on a 1.23-acre lot and boasts a 100% occupancy rate with a strong, credit-rated corporate tenant under a Net Lease agreement. The current lease, commenced June 9, 2020, has a remaining term of 5.6 years and includes four 5-year options with 10% rent bumps. The property generates a substantial net operating income (NOI) of $88,042, resulting in an attractive 7.75% cap rate. The asking price is $1,135,880, translating to $136.52 per square foot. This single-tenant property benefits from minimal landlord responsibilities and is situated on a main retail corridor with high visibility and traffic. The location in Dawson, Minnesota, provides access to excellent school and healthcare systems, serving as a primary source of goods for local residents with limited retail competition. This is a rare opportunity to acquire a stable, high-performing retail investment with significant long-term potential.