85 Broadway E St, Akeley, MN 56433
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.
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Shell Gas Station
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Dollar General Discount Store
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Western Union Bank Credit Union
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FedEx OnSite Postal Service Courier Service
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Hot Stuff Pizza Restaurant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.