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1212 24th St 9,014 SF Retail Building Eldora, IA 50627 $890,939 CAD ($98.84 CAD/SF) 7.25% Cap Rate
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
$890,939 CAD
Price Per SF
$98.84 CAD
Cap Rate
7.25%
NOI
$64,593 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
- -
- -
- -
Dollar General is a national discount retailer operating multiple neighborhood-scale stores throughout New Port Richey, Florida. The Massachusetts Avenue location serves surrounding residential neighborhoods with a broad assortment of everyday necessities at low price points. The store offers groceries, snacks, health and beauty products, cleaning supplies, basic apparel, paper goods, seasonal items, and private-label merchandise.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Retailer | - | - | - |
Nearby Major Retailers
Property Taxes
| Parcel Number | 8719-07-153-007 | Improvements Assessment | $733,654 CAD |
| Land Assessment | $20,272 CAD | Total Assessment | $753,926 CAD |
Property Taxes
Parcel Number
8719-07-153-007
Land Assessment
$20,272 CAD
Improvements Assessment
$733,654 CAD
Total Assessment
$753,926 CAD
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1212 24th St
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