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Property profile & analytics
OFF-MARKET
Automotive properties

2004 2nd NE Ave Stewartville, MN 55976-1395

1.15 ac lot
Entity Owned Absentee Owner Free & Clear
Property ID
US46-1020666
Property summary
AI-generated overview

This exceptional investment opportunity presents a triple-net (NN+) leased retail portfolio anchored by Dollar General, Dollar Tree, and Family Dollar. Located in Stewartville, Minnesota, this property boasts a 10-year lease commencing February 4, 2025, and expiring February 28, 2035, with five additional five-year renewal options, each including attractive rental increases of $5,000. The property features a 1.15-acre lot and a newly constructed (2025) building. The lease is corporately guaranteed by Dollar Tree Stores, Inc., providing significant financial security. The property benefits from a strong location, with high daily traffic counts exceeding 18,473 vehicles, and proximity to Rochester, Minnesota's third-largest MSA, and Rochester International Airport (approximately 4 miles). The average household income in the area is $87,283 annually. The property offers a substantial net operating income (NOI) of $184,000, resulting in a compelling 7.35% cap rate. The asking price is $2,503,401. The building includes a transferable 20-year roof warranty. This is a rare opportunity to acquire a high-performing, low-maintenance retail investment with a strong tenant and excellent long-term growth potential.

Property profile
Verified
Property type Automotive properties
Use group VEHICLE SALES, RENTALS
Lot 1.15 ac (50,268 SF)
APN 54.27.13.088292
UPID US46-1020666
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Agree Limited Partnership
Agree Limited Partnership
since 2025
Last sale
$335,000
2 recorded transactions
2025
$2.3M
2023
$335,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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