Dollar General Plus 824 Dakota Ave 15,311 SF Retail Building Wahpeton, ND 58075 $2,096,021 CAD ($136.90 CAD/SF) 7.75% Cap Rate

Fortis Net Lease is pleased to present this 15,311 SF. Dollar General store located in Wahpeton, North Dakota. The property is secured with a 10 year, Double Net (NN) Lease, leaving landlord responsible for roof & restructure. The lease contains 10% rental rate increases at each of the 4 (5 year) options to renew. The lease is corporately guaranteed by Dollar General Corporation which holds a credit rating of “BBB”, which is classified as Investment Grade. The store was retrofit from a former Family Dollar and has been open & operating successfully since November 2023.
This Dollar General is highly visible as it is strategically positioned on the hard corner of 9th Street N and Dakota Avenue which sees 10,006 cars per day. The ten mile population from the site is 13,323 and the three mile average household income is $64,343 per year, making this location ideal for a Dollar General. The site is surrounded by local businesses and residential homes. It ranks in the top 20% of all DG stores in North Dakota based on foot traffic! The Subject offering represents an ideal opportunity for a 1031 exchange buyer or a “passive” investor to attain the fee simple ownership of a Dollar General. This investment will offer a new owner continued success due to the financial strength and the proven profitability of the tenant, the nation’s top dollar store. List price reflects a 7.75% cap rate based on NOI of $117,900.
Instate Broker of Record: Bang Realty | Brian Brockman