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This new Dollar General store is currently under construction in a great location with excellent visibility along highway 2 in Deer River. Located along the main artery in town with no competition. Deer River is located in northwestern Minnesota about 55 miles west and slightly south of Bemidji, MN. Deer River is known as the gateway to the Chippewa National Forest. According to Explore Minnesota, it s surrounded by more than a million acres of spectacular forests, 1,300 lakes, and 923 miles of rivers and streams making it a year-round northern MN vacation destination. Dollar General is the nations largest small-box discount retailer! There are 13,601 Dollar General stores in 44 states. Dollar General ranks #139 of Fortune 500 Companies with annual sales over 20 billion. REPRESENTATIVE PHOTO 3
REPRESENTATIVE PHOTO Dollar General Corporation has been delivering value to shoppers for over 75 years. Dollar General helps shoppers Save time. Save money. Every day! by offering products that are frequently used and replenished, such as food, snacks, health and beauty aids, cleaning supplies, basic apparel, housewares and seasonal items at low everyday prices in convenient neighborhood locations. Dollar General operated 13,601 stores in 44 states as of May 5, 2017. In addition to high quality private brands, Dollar General sells products from America's most-trusted brands such as Clorox, Energizer, Procter & Gamble, Hanes, Coca-Cola, Mars, Unilever, Nestle, Kimberly-Clark, Kellogg's, General Mills, and PepsiCo. *From DollarGeneral.com 4
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Tenant Name Square Feet Lease Start** Lease End Annual Rent* Monthly Rent Annual Rent PSF Dollar General 9,100 12/6/2017 12/31/2032 $86,871.96 $7,239.33 $9.55 Option 1 9,100 1/1/2033 12/31/2037 $95,559.24 $7,963.27 $10.50 Option 2 9,100 1/1/2038 12/31/2042 $105,115.08 $8,759.59 $11.55 Option 3 9,100 1/1/2043 12/31/2047 $115,626.60 $9,635.55 $12.71 Option 4 9,100 1/1/2048 12/31/2052 $127,189.32 $10,599.11 $13.98 *10% rent increases in each option. **The delivery date is October 6, 2017 and the lease commencement date is 60 days later or the date the store opens, whichever is first. The first Lease Year shall begin on the Commencement Date if the Commencement Date shall occur on the first (1st) day of the month; otherwise, the first Lease Year shall commence on the first day of the first full month next following the period prior to the Commencement Date in the preceding partial month shall be included in the first Lease Year. 6
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Daily Traffic Count 8,000+ 8
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Brisky Commercial has a long-standing history of delivering excellence in Commercial Real Estate. With family roots in Real Estate going back 35+ years, our Real Estate passion runs deep. Through a diligent approach, first-hand knowledge of markets, an expertise in negotiations, and a carefully cultivated network, we bring a level of excellence to all Real Estate transactions. When you work with Brisky Commercial, you are welcomed into a Real Estate family who continues to define Commercial Real Estate success one deal at a time. We invite clients to work with a member of our team to discover a results-driven approach to Commercial Real Estate transactions. The information contained herein was obtained from sources believed reliable, however, Brisky Commercial Real Estate makes no guarantees, warranties, or representations as to the completeness or accuracy thereof. The presentation of this property is submitted subject to errors, omission, change of price or other conditions, prior sale or lease, or withdrawal without notice. 11