900 Cove St SE - Storefront Retail/Office FOR SALE


Bondurant, IA 50035
$2,572,414 USD
214-692-2927
900 Cove St SE, Bondurant, IA for Sale
$2,572,414 USD
Storefront Retail/Office - FOR SALE
1/1
null | 7.25% Cap Rate

900 Cove St SE
Bondurant, IA 50035


HIGHLIGHTS

  • Concrete parking lot which allows for little-to-no maintenance Five
  • Five, 5-year renewal options, all of which include attractive rental increases
  • Corporately guaranteed lease by Dollar Tree Stores, Inc

OVERVIEW

2024 build-to-suit construction for Dollar Tree ±10 year NN+ lease with limited landlord responsibilities Explosive growth in Bondurant with over 15% population increase since 2020 Des Moines MSA (less than ± 10 miles from subject property) 5 mile population in excess of 33,360 residents 10 mile population in excess of 175,479 residents The subject property comes with a 20-year transferable roof warranty Extremely strong average household income of $132,029 annually proving an affluent surrounding community to support the store for years to come Dollar Tree acquired Family Dollar in 2015 and they are considered to be the second largest discount retailer in the United States with more than 16,000 locations Dollar Tree is one of the few retailers that thrived through the COVID pandemic and witnessed a sharp increase in same-store sales / profitability Investment Grade Credit Tenant – S&P Rated BBB

FOR SALE DETAILS

PRICE

$2,572,414 USD

PRICE/SF

$257 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.36 AC

LAND SF

15,687 SF

ZONING

-

APN/PARCEL ID

231/00222-865-022

ASK ABOUT THIS PROPERTY

Scotty LatimerMatthews Real Estate Investment ServicesMore Info
214-692-2927

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Scotty LatimerMatthews Real Estate Investment ServicesMore Info
214-692-2927

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.