For Sale
$1,326,874

3709 Nd-8Richardton, ND 58652

High-yield retail investment. Strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity features a 10,771-square-foot Dollar General store located at 3709 ND-8, Richardton, ND 58652. The property, built in 2013, sits on a one-acre lot and offers ample parking with 40 spaces. Currently operating under a Net Lease agreement with a corporate guarantee, the lease commenced July 10, 2019, and expires July 31, 2029, providing a remaining lease term of approximately 4.7 years. The property boasts a strong 8.00% cap rate and a Net Operating Income (NOI) of $106,149. The lease includes 10% rent bumps during each option period. The property is zoned for commercial use and enjoys 100% occupancy. This Class A storefront is a single-tenant property, providing a stable and predictable income stream. The property's strategic location directly off Interstate 94 ensures high visibility and accessibility. This is a fee-simple ownership opportunity.

Highlights

  • 10,771 SF Dollar General store on a one-acre lot in Richardton, ND.
  • Built in 2013, with 40 parking spaces.
  • Net lease with corporate guarantee; lease expires July 31, 2029 (approx. 4.7 years remaining).
  • 8.00% cap rate and $106,149 NOI.
  • 10% rent increases during option periods.
  • Class A, single-tenant, fee-simple ownership.

Property Details for 3709 Nd-8

Property type
Retail properties, Retail space
Square Feet
10,771 SF
Class
A
Year Built
2013
Buildings
1
Lot Size (sq. ft)
43,560 SF
Units
1

Location Insight

City
Richardton
County
Stark
State
North Dakota
Latitude
46.8761573
Longitude
-102.3082427
3709 Nd-8, Richardton, North Dakota

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3709 Nd-8
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