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St. Cloud Dollar General Trades to Private Investor

The Boulder Group completed the sale of a single-tenant Dollar General in Eden Valley, MN, within the St. Cloud metro area. The newly-constructed, 9,100-square-foot property sold for $1,224,414.

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% rental escalations in each of the three 5-year renewal option periods. Dollar General is an investment grade-rated company with a Standard & Poor’s rating of BBB, and operates more than 12,500 stores in 43 states.

“New construction properties with long-term leases to investment grade tenants with rental escalations are the most sought-after net lease product,” said Blankstein.

Feeney added, “The market for new-construction net-leased dollar stores remains active, as they offer a stable investment at attractive yields.”


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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
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