12 Minnesota Ave Aitkin, MN 56431

This exceptional investment opportunity presents a freestanding Family Dollar store located at 12 Minnesota Ave N, Aitkin, MN 56431. The property boasts 8,359 square feet on a 0.85-acre lot, built in 2014. Currently operating under a triple-net (NNN) lease with 5.6 years remaining, the lease commenced December 18, 2015, and expires June 30, 2030. The current annual net operating income (NOI) is $110,092, representing a 10% capitalization rate and a price per square foot of $131.70. The lease includes six, five-year renewal options, with a significant 10% rent increase scheduled for July 2025. This property offers a strong, stable income stream with built-in growth potential, making it an attractive addition to any investment portfolio. The property's location in Aitkin, Minnesota, provides excellent visibility and accessibility. The asking price is $1,100,920. This is a 100% occupied, single-tenant property offering a secure and lucrative investment opportunity. The property's strong tenant, long-term lease, and favorable financial metrics make it a compelling investment prospect. The substantial remaining lease term and built-in rent increases provide significant long-term value and stability.