Family Dollar | Hinckley, MN
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Investment Offering

Tenant: Family Dollar | Hinckley, MN
Premises: 8,320 SF
Renewal Options: 6 x 5 Years

Lease Expiration: 12/31/2031
Lease Type: NNN
Rental Increases: 10% Every 5 Yrs Starting in Yr 11

We are Pleased to Offer For Sale the Family Dollar Triple Net Lease Investment Opportunity Located at 501 Barry Avenue in Hinckley, Minnesota.

  • Triple Net (NNN) Long-Term Lease
  • Rare 10% Rent Increase in Base Term Year 11
  • Zero Landlord Responsibilities
  • Average Household Income of $55,036 Within a 5-Mile Radius
  • Limited Dollar Store Competition – Closest Dollar Store is Over 10 Minutes Away
  • 2-Miles West of the Hinckley Grand Casino (54,800 SF of Gaming Space) That Provides Over 2,200 Jobs – Offering Guests Gaming, Accommodations, Dining, Conference Facilities, Live Entertainment, Spa and a Golf Club
  • The Property is Situated 0.3 Miles From U.S. Interstate 35 With 23,585 VPD – I-35 Runs North Into Duluth (1.5 Hours) and South Into Minneapolis (1.5 Hours) – It’s Location on I-35, as Well as the Distance to Both Cities, Brings Several Visitors to the Area
  • Minutes From the Hinckley Elementary School and Hinckley-Finlayson High School – Together, They Have a Combined Total Enrollment of Over 870 Students
  • Largest Employers in Pine County and Near Hinckley are: Grand Casino, Grand Buffet, Grand Grille (Over 2,700 Jobs); Hinckley School System (250 Jobs); and MINPACK (130 Jobs)
  • Major National Tenants in Surrounding Area Include: Mobil, Marathon Gas, QuikTrip, Subway, Taco Bell, McDonald’s, Dairy Queen, White Castle, Hardee’s and Several Others

Jennifer D. Stein – JDS Real Estate Services, Inc. | MN Lic. # 40407966
213.446.5366 | jstein@jdsreservices.com

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Tenant Overview

CHESAPEAKE, VA. July 6, 2015, Dollar Tree, Inc. (NASDAQ: DLTR), North America’s leading operator of discount variety stores selling everything for $1 or less, announced that it has completed the acquisition of Family Dollar Stores, Inc., a leading national discount retailer offering name brands and quality, private brand merchandise. Dollar Tree, a Fortune 200 Company, operated 15,370 stores across 48 states and five Canadian provinces as of May 2, 2020. Stores operate under the brands of Dollar Tree, Family Dollar and Dollar Tree Canada.
Family Dollar offers a compelling mix of merchandise for the whole family. Ranging from an expanded assortment of refrigerated and frozen foods, health and beauty items to home décor and seasonal items, Family Dollar offers the lowest possible price, the name brand and quality private- brand merchandise customers need and use every day.

The average size of a Family Dollar store is approximately 7,000 square feet, and most stores are operated in leased facilities. This relatively small footprint allows the Company to open new stores in rural areas and small town, as well as in large urban neighborhoods. Within these markets, the stores are located in shopping centers or as free-standing building and all are convenient to the Company’s customer base.

Area Overview

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