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1212 24th St 9,014 SF Retail Building Eldora, IA 50627 $909,755 CAD ($100.93 CAD/SF) 7.25% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Recent parking lot and exterior lighting improvements
  • Part of National Insurance Program (Tenant pays insurance directly)
  • Dollar General reimburses in full for taxes
  • (2) 5-year extension options remaining at 10% increases
  • Dollar General responsible for minor repairs less than $500 per occurrence
  • Dollar General pays additional percentage rent at this location

EXECUTIVE SUMMARY

The subject property is a freestanding 9,014 SF building in Grundy Center, Iowa. The property is ideally situated along Hwy-175 on the western edge of town. Dollar General has occupied the space since it was built in 2004. The store recently extended its lease for an additional 6 years, thus showing a strong commitment to the location.

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,014 SF
Building Class
C
Year Built
2004
Price
$909,755 CAD
Price Per SF
$100.93 CAD
Cap Rate
7.25%
NOI
$65,957 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
0.99 AC
Zoning
Commercial

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE END
  • Retailer
  • -
  • -
  • -

DG is proud to be America’s neighborhood general store. They strive to make shopping hassle-free and affordable with convenient, easy-to-shop stores all across the states. DG's stores deliver everyday low prices on items including food, snacks, health and beauty aids, cleaning supplies, basic apparel, housewares, seasonal items, paper products and much more from America’s most-trusted brands and products, along with high-quality private brands. From serving their customers with value and convenience and their employees with career opportunities to serving the communities they call home through literacy and education, Dollar General has been committed to its mission of Serving Others since the company’s founding in 1939.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE END
Retailer - - -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
8719-07-153-007
Land Assessment
$20,829 CAD
Improvements Assessment
$753,807 CAD
Total Assessment
$774,636 CAD
  • Listing ID: 34283610

  • Date on Market: 2024-12-24

  • Last Updated:

  • Address: 1212 24th St, Eldora, IA 50627

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