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3709 Highway 8

10,771 SF Retail Building Richardton, ND 58652 £1,038,213 (£96/SF) 8% Net Initial Yield

Executive Summary

Corporate Guarantee from Dollar General Corporation (NYSE:DG)
Investment Grade Credit Tenant with BBB rating from S&P
NN Lease with Minimal Landlord Responsibilities
Initial lease term with 4+ years remaining on the lease
Located in Richardton, N. Dakota with limited local competition serving as the primary source of household goods for residents
Situated nearby Interstate 94 which sees approximately 7,800 vehicles daily
Dollar General is ranked #111 of the 2024 Fortune 500 list
In association with Bang Realty Inc., Brian Brockman ND licensed broker bor@bangrealty.com
Brian Brockman – Broker License #: 10200 Bang Realty-Dakotas Inc

Attachments

Richardton DG final

Property Facts

Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Building Size
10,771 SF
Building Class
B
Year Built
2013
Price
£1,038,213
Price Per SF
£96
Net Initial Yield
8%
NOI
£83,057
Tenancy
Single
Number of Floors
1
Building FAR
0.25
Lot Size
1.00 AC
Parking
40 Spaces (3.71 Spaces per 1,000 SF Leased)
Frontage
197 ft on North Dakota 8

Amenities

  • Signage
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PROPERTY TAXES

Parcel Numbers
Multiple
  • 42001401000100
  • 42001401000200
 Improvements Assessment £570,406
Land Assessment £40,844 Total Assessment £611,250

PROPERTY TAXES

Parcel Numbers
Multiple
  • 42001401000100
  • 42001401000200
Land Assessment
£40,844
Improvements Assessment
£570,406
Total Assessment
£611,250
(314) 495-4195

Contact

  • Listing ID: 33534952

  • Date on Market: 16/10/2024

  • Last Updated:

  • Address: 3709 Highway 8, Richardton, ND 58652

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3709 Highway 8, Richardton, ND for sale Building Photo- Image 1 of 2
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© 2024 CoStar Group

3709 Highway 8
(314) 495-4195 x

3709 Highway 8

Jon Wilsonholme

(314) 495-4195

(314) 495-4195

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