Retail Space - For Sale
515 West Main Street Le Roy, MN 55951
Details & Description
Price: $1,551,107
  • Property Type Retail for Sale : Free Standing Building
  • Lot Size Acres 1.150
  • Building Sq Ft 9,100
  • Building Price per Sq Ft $181.81
  • Land Sq Ft 50,093
  • Land Price per Sq Ft $33.03
  • NOI $86,862
  • CAP Rate % 5.60
Brisky Net Lease is pleased to offer this newly opened Dollar General in Le Roy, MN. This Dollar General store has a great location with excellent visibility along Highway 56, the main thoroughfare through town. This NNN single tenant retail property has a new lease with 15 years remaining with zero landlord responsibilities. It offers investors the opportunity to invest in this solid brand that has performed exceptionally well during Covid-19, while being situated in an underserved market.Le Roy is in Mower County about 40 miles south of Rochester, 30 miles southeast of Austin and located along the Minnesota - Iowa border. Le Roy is a vibrant small town with an active business section, including two banks, bowling alley, restaurants, a lively weekly newspaper and a historic library. The community is part of the LeRoy-Ostrander School District, is serviced full time by the Mower County Sheriff's Department and also has a Volunteer Fire Department. This Dollar General fills a void in this great small town which has limited competition in town.Dollar General is the nation’s largest small-box discount retailer! Dollar General operates 18,190 stores in 46 states, 18 traditional distribution centers and 10 DG Fresh cold storage facilities as of February 25, 2022. In fiscal year 2021, Dollar General had $34.2 billion in sales, opened 1,050 new stores, remodeled 1,752 stores and relocated 100 stores. Dollar General has had 31 consecutive years of same-store sales growth through FY 2020. As a result of the unusually high sales results experienced in 2020, Dollar General did not achieve positive same-store sales growth in 2021.
Property Highlights
Listing Agents
Brian Brisky

O: 612-413-4200
M: 715-529-4441
info@brisky.com
While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

515 West Main Street

Le Roy, MN 55951

Dollar General

Listing ID: 288579
$1,551,107
For Sale
  • Property Type Retail for Sale : Free Standing Building
  • Lot Size Acres 1.150
  • Building Sq Ft 9,100
  • Building Price per Sq Ft $181.81
  • Land Sq Ft 50,093
  • Land Price per Sq Ft $33.03
  • NOI $86,862
  • CAP Rate % 5.60
515 West Main Street Le Roy, MN 55951 | for Sale | Photo 1
Property Highlights
 Located in Southeast MN - 40 Miles S of Rochester & 30 Miles SE of Austin
 Brand New Construction
 Prime Highway Location - Located Along the Busiest Corridor
 Additional Annual Income from Billboard on Property
 Very Little Competition in Town
 Fills a Void in the Market
Description

Brisky Net Lease is pleased to offer this newly opened Dollar General in Le Roy, MN. This Dollar General store has a great location with excellent visibility along Highway 56, the main thoroughfare through town. This NNN single tenant retail property has a new lease with 15 years remaining with zero landlord responsibilities. It offers investors the opportunity to invest in this solid brand that has performed exceptionally well during Covid-19, while being situated in an underserved market.

Le Roy is in Mower County about 40 miles south of Rochester, 30 miles southeast of Austin and located along the Minnesota - Iowa border. Le Roy is a vibrant small town with an active business section, including two banks, bowling alley, restaurants, a lively weekly newspaper and a historic library. The community is part of the LeRoy-Ostrander School District, is serviced full time by the Mower County Sheriff's Department and also has a Volunteer Fire Department. This Dollar General fills a void in this great small town which has limited competition in town.

Dollar General is the nation’s largest small-box discount retailer! Dollar General operates 18,190 stores in 46 states, 18 traditional distribution centers and 10 DG Fresh cold storage facilities as of February 25, 2022. In fiscal year 2021, Dollar General had $34.2 billion in sales, opened 1,050 new stores, remodeled 1,752 stores and relocated 100 stores. Dollar General has had 31 consecutive years of same-store sales growth through FY 2020. As a result of the unusually high sales results experienced in 2020, Dollar General did not achieve positive same-store sales growth in 2021.

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Le Roy Area Market Trends

Listing Demographics for 515 West Main Street Le Roy, MN 55951

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

1-Mile 3-Miles 5-Miles
Total Population4331,2341,907
Population Median Age383839
Population by Age0-9 Yrs92 (21%)246 (19%)357 (18%)
10-19 Yrs52 (12%)151 (12%)237 (12%)
20-29 Yrs23 (5%)78 (6%)145 (7%)
30-39 Yrs66 (15%)184 (14%)273 (14%)
40-49 Yrs46 (10%)128 (10%)194 (10%)
50-59 Yrs35 (8%)119 (9%)211 (11%)
60-69 Yrs59 (13%)157 (12%)232 (12%)
70+ Yrs60 (13%)171 (13%)259 (13%)
Median HH Income$47,780$49,891$54,262
Total Household Income< 24K43 (24%)118 (23%)167 (22%)
25-49K49 (28%)130 (26%)184 (24%)
50-74K37 (21%)102 (20%)154 (20%)
75-99K22 (12%)65 (13%)108 (14%)
100-199K20 (11%)67 (13%)117 (15%)
200K+2 (1%)11 (2%)22 (2%)
Highest Education LevelNo Diploma3082124
Diploma or GED90268432
Some College64181274
Assoc. Degree1967125
Bachelors Degree58158224
Higher Degree154159
Total Housing Units188534821
--Owner-Occupied122350544
--Renter-Occupied52144209
Owner-Occupied Values< 100K68177243
100-199K39110174
200-299K114278
300-399K0417
400-499K0311
500K+41322
Total Working Age Population3078891,394
In Work Force180535863
Not In Work Force127354531
Workforce Employed179532857
Workforce Unemployed136
Civlian Workforce180535863
Military Workforce000
Total Households174494754
Family Households97289467
Non-Family Households77205286
Married Couple69216365
Other Family2873102
Married w/Child2782137
Single Male w/Child163848
Single Female w/Child113143

Population Change Last Two Decades - Plus Projection

2000%2010%2020%2030
Iowa2,926,324+43,046,355-100
Howard County9,932-49,566-100
Mitchell County10,874-110,776-100
Minnesota4,919,479+85,303,925+75,687,161+55,974,304
Fillmore County21,122-120,866-320,336-419,497
Mower County38,603+139,163038,999-238,062

Total Working Age Population:

Total Households:

Total Working Age Population:

Total Households:

Total Working Age Population:

Total Households:

No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

Listing Location & Map Views
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Closest Commercial Airports
Airport Distance (mi)
Rochester International Airport (RST) 27
Minneapolis-St Paul International (Wold-Chamberlain Airport) (MSP) 101
Dubuque Regional Airport (DBQ) 120
Listing Agent
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