23260 401st Ave
Arlington, MN 55307

The lease structure is triple net (NNN), with zero landlord responsibilities. Tenant is responsible for maintaining, repairing, and replacing all aspects of the property, as well as all required insurances, taxes, and utilities. There are twelve (12.7) years remaining on the lease term, plus five (5), five (5) year options. The lease provides for 10% rental increases at each option period. The lease is corporately guaranteed by Dollar General Corporation, which has an investment grade credit rating of BBB (S&P). This location was recently constructed in 2016, and is located on an oversized 2.34 acre site. The average household income in the five (5) mile demographic ring is $68,235. The City of Arlington has a limited amount of retail within the city limits. Dollar General serves as the go-to store for surrounding residents. Arlington is the home of the Sibley County Fair, which has been named “The Best Little Fair in Minnesota.” Visitors from all over MN come to the fair for events such as the Stockcar Shootout, Tractor Pull and Demolition Derby. The fair is located less a mile (2 minutes) away from the Subject Property. The next closest Dollar General is 15 miles away (20 minutes) from the subject property. Arlington is located 58 miles (70) minutes outside of Minneapolis. The Ridgeview Sibley Medical Center is located less than a mile down the street from the Dollar General. It is a critical access hospital—providing urgent care, general surgery, and 24/7 hospital and emergency services to residents of Sibley County and the surrounding area. Over 100 business are located in Arlington, with a total of 931 employees. Arlington supports a retail economy with a projected opportunity gap of $9.4M.