937 3Rd StMayville, ND 58257

Property Details for 937 3Rd St

Year built

2017

Lot size

0.90 AC

Property size (Sq ft)

9,026 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

This exceptional investment opportunity presents a 9,026 square foot Dollar General, situated on a 0.9-acre lot at 937 3rd St SE, Mayville, ND 58257. The property boasts a strong 8.43% cap rate and a 15-year absolute NNN lease (with 7.4 years remaining) commencing March 22, 2017, and expiring March 31, 2032. The lease includes a credit-rated, corporate guarantee from a reputable tenant, ensuring financial stability. The property benefits from a built-in rent increase of 3% in 2027, further enhancing its long-term value. Constructed in 2017, this single-building property enjoys 100% occupancy and a current NOI of $83,844. The asking price is $995,000, translating to $110.24 per square foot. Its strategic location near Sanford Mayville Medical Center, Mayport Farmers Co-Op, Stand Ready-Mix, and Mayville State University (within 1 mile) contributes to its strong performance. The property's proximity to Alton Grain Terminal, Kelly Bean Company, and Valley United Co-Op further enhances its desirability. Mayville is recognized for its excellent schools and healthcare facilities, creating a stable and attractive market. The lease includes options for renewal periods of 4-5 years. The property's APN is 27000104225006. This is a rare opportunity to acquire a high-performing, low-maintenance investment with significant long-term potential.

Location Insight

City

Mayville

County

Traill

State

North Dakota

Latitude

47.498

Longitude

-97.3094

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].