2004 2Nd AveStewartville, MN 55976

Property Details for 2004 2Nd Ave

Lot size

1.15 AC

Property type

Automotive properties

APN

54.27.13.088292

APU

542713088292

Description

This exceptional investment opportunity presents a triple-net (NN+) leased retail portfolio anchored by Dollar General, Dollar Tree, and Family Dollar. Located in Stewartville, Minnesota, this property boasts a 10-year lease commencing February 4, 2025, and expiring February 28, 2035, with five additional five-year renewal options, each including attractive rental increases of $5,000. The property features a 1.15-acre lot and a newly constructed (2025) building. The lease is corporately guaranteed by Dollar Tree Stores, Inc., providing significant financial security. The property benefits from a strong location, with high daily traffic counts exceeding 18,473 vehicles, and proximity to Rochester, Minnesota's third-largest MSA, and Rochester International Airport (approximately 4 miles). The average household income in the area is $87,283 annually. The property offers a substantial net operating income (NOI) of $184,000, resulting in a compelling 7.35% cap rate. The asking price is $2,503,401. The building includes a transferable 20-year roof warranty. This is a rare opportunity to acquire a high-performing, low-maintenance retail investment with a strong tenant and excellent long-term growth potential.

• CAP approach

  CAP return

  Valuation

  6%

  $39,289,976

  6.5%

  $36,267,668

  7%

  $33,677,120

• Comparable approach

  Method

  Valuation

  Relative Method

  $48,498,928

  Geo Method

  $48,498,928

• Alternative Use

  Use

  Valuation

  Residential

  $30,593,136

  Hospitality

  $28,023,148

  Educational

  $23,314,930

  Medical

  $24,116,766

  Retail

  $36,267,668

Location Insight

City

Stewartville

County

Olmsted

State

Minnesota

CBSA code

40340

CBSA name

ROCHESTER, MN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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