Bang Realty has been exclusively engaged to solicit offers for the sale of a Dollar General in Manning, IA. The Premises is leased to Dollar General, who has recently exercised a 10 year extension with 6 additional 5 year option terms. The Asset serves as the only dollar store in the market and is less than a mile from the main market employer (Manning Regional Healthcare Center).
Tenant Name: Dollar General
Address: 325 6th St, Manning, IA 51455
Building Size: (GLA) 9,100 SF
Land Size: 1.50 Acres
Year Built/Renovated: 2016
Signator/Guarantor: Dollar General Inc.
Rent Type: Abs. NNN
Landlord Responsibilities: None
Extension Start: 11/1/2024
Lease Expiration: 10/31/2034
Remaining Term: 10 Years
Current Annual Rent: $83,140
RENT
SCHEDULE TERM ANNUAL RENT
Current Term Years 1-10 $83,140
1st Extension Years 11-15 $91,454
2nd Extension Years 16-20 $100,600
3rd Extension Years 21-25 $110,660
4th Extension Years 26-30 $121,726