Dollar General Plus Aberdeen, SD

600 5th Avenue Northwest
Aberdeen, SD

Price: $2,067,164
Cap Rate: 6.70%
NOI: $138,500
Building Size: Approx. 10,542 Sq. Ft.
Lot Size: Approx. 1.42 Acres
Type: Single-Tenant / Retail
Sub Category: Dollar Store
Year Built: 2024

Investment Overview

  • 2024 Construction. 10,542+/- SF Building on 1.42+/- Acre Site
  • 15-Year Absolute NNN Lease with 5% Rental Increases in Option Periods With (5) 5-Year Options to Renew
  • Subject Property Is Located Off the Intersection of 5th Ave NW (10,600+ VPD) & 132nd St (4,600+ VPD)
  • Located Near Aberdeen Regional Airport & Northern State University
  • Forbes Ranked South Dakota #5 Overall on Its List of the Best States to Start a Business In for 2023
  • E-Commerce Resistant Retailer – Dollar General Planned to Open 1,050 Stores in 2023 After Adding Approximately 1,100 Stores in 2022
  • Aberdeen | 3rd Largest City in South Dakota | County Population: 28,500+