381 1St St, New Rockford, ND 58356
9,100 SF | Retail Building | New Rockford, ND 58356 | $1,295,000 ($142/SF) | 6.56% Cap Rate
For Sale
Active
Asking Price $1,295,000
- Property Type
-
Retail
- Square Feet
- 9,100 SF
- Price / Square Foot
- $142
Listing Contacts
Kevin Le
Property Overview
NNN Retail Group is proud to offer for sale a fee simple ownership of an Absolute NNN Corporate Dollar General with approximately 9 years remaining on the lease term. The property consists of a 9,100 square foot freestanding building located on a 1.76 acre lot. The Dollar General was built in 2018 and is located in New Rockford, North Dakota. This is a rare Dollar General that is an Absolute NNN property where the tenant is responsible for all expenses, including roof, structure, taxes, insurance and common area maintenance. This Dollar General property has minimal competition and ample access to target consumers with average household incomes in the $60,000 range. Consumers driving through town or who live in the area have an ease of sight and route to the Property.
New Rockford is the County Seat of Eddy County in Central North Dakota. It is centered between North Dakota's four largest cities. The city is 150 miles from Fargo, 135 miles from Bismarck, which is the state capital, 125 miles from Grand Forks, and 120 miles from Minot, with Devils Lake just 40 miles to the north and Jamestown 60 miles south. New Rockford is located along US-281, which runs from Canada all the way to Mexico, and has nearby access to Tomlinson Field Municipal Airport, State Route 15, and US-52. The city is home to over 100 local businesses with target industries such as small manufacturing/assembly, food processing, animal agriculture, wind energy development, and specialty care. The city’s top employers are the Lutheran Home of the Good Shepherd Assisted Living, 4th Corporation Group Home, North American Bison Cooperative, and the New Rockford-Sheyenne School District. New Rockford has been the home of the North American Bison Cooperative since 1993. It is the world’s first processing plant devoted exclusively to Bison meat. Located just 16 miles south of New Rockford is Dakota Growers Pasta Plant which produces pasta from North Dakota grown crops. The city is in the heart of some of the best hunting and fishing in the United States. Sportsman from across the country journey to our area for this reason.
New Rockford is the County Seat of Eddy County in Central North Dakota. It is centered between North Dakota's four largest cities. The city is 150 miles from Fargo, 135 miles from Bismarck, which is the state capital, 125 miles from Grand Forks, and 120 miles from Minot, with Devils Lake just 40 miles to the north and Jamestown 60 miles south. New Rockford is located along US-281, which runs from Canada all the way to Mexico, and has nearby access to Tomlinson Field Municipal Airport, State Route 15, and US-52. The city is home to over 100 local businesses with target industries such as small manufacturing/assembly, food processing, animal agriculture, wind energy development, and specialty care. The city’s top employers are the Lutheran Home of the Good Shepherd Assisted Living, 4th Corporation Group Home, North American Bison Cooperative, and the New Rockford-Sheyenne School District. New Rockford has been the home of the North American Bison Cooperative since 1993. It is the world’s first processing plant devoted exclusively to Bison meat. Located just 16 miles south of New Rockford is Dakota Growers Pasta Plant which produces pasta from North Dakota grown crops. The city is in the heart of some of the best hunting and fishing in the United States. Sportsman from across the country journey to our area for this reason.
Property Details
- Class
- B
- Year Built
- 2018
- Stories
- 1
- Property Subtype
- Freestanding, Grocery/Convenience Store, Storefront
- Lot Size (sq. ft)
- 71,003 SF
Highlights
- Absolute NNN | Tenant is responsible for all expenses, including roof, structure, taxes, insurance and common area maintenance.
- Investment-Grade Corporate Tenant - Dollar General Corporation (NYSE: DG) holds an investment-grade rating of BBB per the S&P.
- 2018 Construction.
- Model Demographics Serving a large trade area, this Dollar General property has minimal competition and ample access to target consumers
- Clear Visibility & Access Consumers driving through town or who live in the area have an ease of sight and route to the Property.
- Located in New Rockford, North Dakota, the Property enjoys ample access to targeted consumers.
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