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198 Oak St, Dawson, MN, 56232

Dollar General
$1,100,525

Key Information

Cap Rate
8%
$ per SF
$133
Lot Size
1.23 Acres
Year Built
2015
Term Remaining
±4.2 YRS
Type
Retail
Leasable Area
8,215

Highlights

• Primary Community Staple & Grocery Hub: Serving as a vital neighborhood retail pillar for Dawson, MN. This Dollar General operates as one of the primary destinations for the community’s everyday groceries, household essentials, and staple consumer goods
• Strategically Positioned Along Primary Transit Corridor: Located directly on Oak Street, the store captures high visibility and seamless vehicle access, positioning it perfectly as the convenient, go-to destination for both localized town residents and passing agricultural/regional traffic.
• Rent Increases: Features 10% rent escalations at each of the four (4), five-year renewal options, enhancing long-term income growth.
• Recent Corporate Retrofit & Modern Build: The building was originally constructed in 2015 and underwent a comprehensive corporate rebranding and facility retrofit in 2020 to meet Dollar General’s strict corporate standards, ensuring updated mechanical utility systems and finishes.
• Affluent Regional Demographic: The surrounding Dawson submarket features an exceptionally strong economic profile, with average household incomes well exceeding $100,000 across all immediate trade areas ($102,915 in the 5-mile, $108,182 in the 10-mile, and $107,942 in the 15-mile radii)
• Corporate Guarantee (NYSE: DG): Lease guaranteed by Dollar General Corporation, a Fortune 100 company with a market capitalization exceeding $23.6 billion (as of June 2026).
• Investment Grade Credit: Dollar General is rated BBB by Standard & Poor’s, reflecting strong creditworthiness and financial stability.
• Minimal Landlord Responsibilities: Double-Net (NN) corporate lease with Dollar General requires minimal landlord responsibility. This highly passive investment structure serves as a “mailbox money” asset perfect for hands-off or out-of-state buyers.
• Recent Q1 2026 Earnings Beat & Growth Momentum: Dollar General recently reported exceptional financial results for Q1 2026, surpassing Wall Street expectations with an EPS increase of 12.4% year-over-year to $2.00.
• Capturing Market Share in Budget-Conscious Rural Markets: On the earnings call, corporate leadership highlighted that macroeconomic pressures (such as rising fuel costs and tightening household budgets) are driving consumers to cut trip distances and shop local.

Photos

Location

Agents

Broker of Record

Kurt Sauer

License # 40628602, 41005445 (MN)
Matthews of Minnesota, LLC
701 Xenia Ave S, Ste 485 Minneapolis MN 55416