California Family Trust Acquires Dollar General In Kenyon Minnesota For $2.139M

A retail property located at 98 Gunderson Boulevard in Kenyon, MN, has been sold for $2,139,000. This asset encompasses 10,566 square feet of space, amounting to a price per square foot of $202. The property is under a 15-year absolute net lease with Dollar General, serving a market with over 48,000 residents.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $2,139,000
• Square Footage: 10,566
• Price Per Square Foot: $202
• Address: 98 Gunderson Boulevard
• Market: Kenyon, MN
• Seller: Twin Cities developer
• Buyer: California-based family trust

The transaction was facilitated by brokers Phil Sambazis, Jon Ruzicka, Mitch Grant, and Nicholas Kanich from Marcus & Millichap. Their role was essential in the negotiation and closing of the sale, marking a successful deal in the retail sector.