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    OFF-MARKET
    Retail properties & Spaces

    415 6th St NE | , ND, Kenmare, ND 58746

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    Property summary
    AI-generated overview

    This exceptional investment opportunity presents a newly constructed, dual-branded Family Dollar/Dollar Tree store in Kenmare, North Dakota. The property boasts a 10-year net lease, significantly minimizing landlord obligations and offering a secure, passive income stream. This is a brand new hybrid store concept, combining the popular Family Dollar and Dollar Tree brands under one roof, maximizing retail potential. The 10,500 square foot building is strategically located on 6th Street NE, providing convenient access to Highway 52, a key transportation route. Kenmare, established in 1897, has a population of approximately 900 residents and benefits from its location on the Central North American Trade Corridor, with proximity to a major customs port in Portal (40 miles) and an international airport in Minot (50 miles). This property offers a compelling investment opportunity due to its new construction, strong tenant, long-term lease, and advantageous location within a thriving community. The lease includes a corporate guarantee, further enhancing the security of this investment. The property is offered at $1,680,000.

    Property profile
    Verified
    Property type Retail properties & Spaces
    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
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