The Boulder Group, completed the sale of a single-tenant Dollar General at 714 E Cedar St. in Houston, Minnesota, for more than $1.16 million.
This Dollar General store is located on the main artery through town with other businesses in close proximity, but no competition in town. The city of Houston is located in the Root River Valley in Southeastern Minnesota.
Randy Blankstein and John Feeney of The Boulder Group represented the seller and the buyer in the transaction. The seller is a Midwest-based developer. The buyer was a private investor.
There are 15 years remaining on the Dollar General lease. The lease features 10 percent rental escalations in each of the four five-year renewal option periods. Dollar General is an investment-grade rated company with a Standard & Poor’s rating of BBB. Dollar General operats more than 12,500 stores in 43 states.
