3709 Nd-8Richardton, ND 58652
- Retail properties
- 10,771 SF
Property Details for 3709 Nd-8
- Year built
- 2013
- Lot size
- 1.00 AC
- Property size (Sq ft)
- 10,771 SF
- Property type
- Retail properties
- Property subtype
- Other retail properties
Description
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.
Location Insight
- City
- Richardton
- County
- Stark
- State
- North Dakota
- Latitude
- 46.8762
- Longitude
- -102.308
Comparable in this City
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