The Boulder Group completed the sale of a single-tenant Dollar General at 555 Meeker Ave’ W in Eden Valley, Minnesota, for $1.224 million.
The newly constructed 9,100-square-foot property is strategically located along State Highway 55, the primary thoroughfare in the parish. Dollar General serves as a primary convenience shopping destination for residents in the area with limited competition.
The subject property is located within close proximity to multiple residential communities, local businesses and schools. Eden Valley is located about 30 miles south of St. Cloud and is part of the St. Cloud MSA. The average household income is $72,097 within 10 miles of the property.
Randy Blankstein and John Feeney of The Boulder Group represented the seller in the transaction, a Southeast-based developer. The buyer was a private investor.
There are approximately 15 years remaining on the Dollar General lease. The lease features 10 percent rental escalations in each of the three five-year renewal option periods.