300 Highway 71 - Storefront FOR SALE
Sioux Rapids, IA 50585 |
$1,818,754 USD
513-300-0763
300 Highway 71
Sioux Rapids, IA 50585
HIGHLIGHTS
- 2024 Dollar General Store With 14+ Years Remaining on Primary Term
- Absolute NNN Lease Requiring Zero Landlord Responsibilities
- Attractive 5% Rental Increases Throughout Primary Term & Option Periods
- Strong Corporate Lease Guaranty From Dollar General
- Limited Retail Competition, the Only Convenience Store in Sioux Rapids, Supporting Retail Needs for the Area
- Strategically Positioned Along US Highway 71 With 4,500 Vehicles Passing in Front of Subject Property per day
OVERVIEW
2024 Dollar General Store With 14+ Years Remaining on Primary Term
Base Annual Rent: $127,312
Rent Per SF: $11.97
Rent Commencement Date: 11/9/2023
Lease Expiration Date: 11/30/2038
Lease Term Remaining: 14+ Years
Lease Type: Absolute NNN
Type of Ownership: Fee Simple
Building Area: 10,640 SF
Land Area: .97 AC
Year Built: 2024
Guarantor: Dollar General Corporation
Price Per SF: $170.94
FOR SALE DETAILS
PRICE
$1,818,754 USD
PRICE/SF
$171 USD /SF
CAP RATE
7%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Dollar General - Sioux Rapids, IA
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront
ADD'L SUBTYPES
Convenience Store, Freestanding
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2024
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.42 AC
LAND SF
18,252 SF
ZONING
-
APN/PARCEL ID
02-12-226-015
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513-300-0763
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513-300-0763
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