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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
$821,128 CAD
Price Per SF
$91.09 CAD
Cap Rate
8%
NOI
$65,690 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 began in 1939 as J.L. Turner and Son, a family business rooted in Scottsville, Kentucky, and later adopted the Dollar General name as the business expanded. The company built its model around small-box discount retailing and a simple mission centered on serving customers with affordable products and services. The company offers food, health and wellness products, cleaning and laundry supplies, self-care and beauty items, and seasonal décor, sold through Dollar General, DG Market, DGX, pOpshelf, and Mi Súper Dollar General formats. Dollar General also sells products online and combines private brands with widely recognized national brands across a broad consumer mix.

Tenant Industry SF Occupied Rent/SF Lease End
Retailer - - -
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100

Nearby Major Retailers

Hy-Vee
Fareway Meat & Grocery

Property Taxes

Property Taxes

Parcel Number
8719-07-153-007
Land Assessment
$20,646 CAD
Improvements Assessment
$747,159 CAD
Total Assessment
$767,804 CAD
  • Listing ID: 34283610

  • Date on Market: 2024-12-24

  • Last Updated:

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

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