Property summary
This exceptional retail investment opportunity presents a fee-simple, 9,100 square foot convenience store in Akeley, Minnesota. Built in 2016, the property boasts a 100% occupancy rate with a strong, credit-rated corporate tenant (Dollar General) under an absolute NNN lease with zero landlord responsibilities. The lease, commencing July 14, 2016, has a remaining term of 6.8 years, with five, 5-year renewal options, each including a 10% rent increase. The current annual net operating income (NOI) is $86,431, yielding an attractive 7.50% capitalization rate. Situated on a 1.12-acre lot at 85 Broadway St W, Akeley, MN 56433, this property benefits from its location near Eleventh Crow Wing Lake, a popular fishing destination. The property's tenant, Dollar General, is a publicly traded Fortune 500 company with a significant market presence and a proven track record. This investment offers a compelling combination of strong tenant credit, a favorable lease structure, and a high cap rate in a desirable location. The property is well-suited for investors seeking a stable, long-term income stream with significant upside potential. The property is a single-tenant building with a total of 9,100 square feet.
Property profile
VerifiedCap rate & NOI
Current use
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Gas Station
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Discount Store
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Bank Credit Union
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Postal Service Courier Service
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Restaurant
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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