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4027 Hwy 37 Bypass, Garrison, ND, 58540

Dollar General
$1,255,074

Key Information

Cap Rate
7.35%
Tot. SF
10,400
Year Built
2019
Type
Retail
NOI
$92,247

Highlights

Lease & Location:

  • 2019 build-to-suit premium brick exterior for Dollar General with ± 9 years remaining on an initial 15-year absolute NNN lease.
  • Minimal competition — the nearest national dollar-store competitor is more than 10 miles away, supporting Dollar General’s stronghold in the local market.
  • Prime location along HWY 37, the primary commercial corridor and main thoroughfare through Garrison, North Dakota.
  • Just ½ mile from the area’s only 24/7 hospital, providing consistent daily traffic and strong community reliance.

Tenant:

  • Dollar General carries an investment-grade credit rating of BBB (S&P).
  • With approximately 20,600 locations nationwide, the company continues to pursue aggressive expansion.
  • Recognized as an essential retailer, Dollar General remained highly profitable throughout the COVID-19 pandemic and continues to demonstrate strong performance.
  • The company maintains a market capitalization of roughly $20 billion.

Photos

Location

Agents

Broker of Record

Brian Brockman

License # 3269 (ND)
Bang Realty- Dakotas, Inc.
2939 Vernon Place Cincinnati OH 45219