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200 E South St 7,200 SF Retail Building Mount Ayr, IA 50854 $855,018 CAD ($118.75 CAD/SF) 7.25% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Roof sealing (2024) & recent parking lot improvements
  • Part of National Insurance Program (Tenant pays insurance directly)
  • (2) 5-year extension options remaining at 10% increases
  • Dollar General responsible for minor repairs less than $1000 per occurrence

EXECUTIVE SUMMARY

The subject property is a freestanding 7,200 SF building in Mount Ayr, Iowa. The property is ideally situated along Hwy-169 in the center of town. Dollar General has occupied the space since it was built in 2002. 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
7,200 SF
Building Class
B
Year Built
2002
Price
$855,018 CAD
Price Per SF
$118.75 CAD
Cap Rate
7.25%
NOI
$61,990 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.22
Lot Size
0.76 AC
Zoning
Commercial
Frontage
132’ on South St

MAJOR TENANTS

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

DG est fière d'être le magasin général de quartier d'America. Nous nous efforçons de rendre les achats faciles et abordables grâce à des magasins pratiques et faciles à acheter partout aux États-Unis. Les magasins DG offrent tous les jours à bas prix des articles, notamment de la nourriture, des collations, des produits de santé et de beauté, des produits de nettoyage, des vêtements de base, des articles ménagers, des articles saisonniers, des produits en papier et bien plus encore des marques et produits les plus fiables des États-Unis, ainsi que des marques privées de haute qualité. Depuis la fondation de l'entreprise en 1939, Dollar General s'est engagé à servir ses clients avec valeur et commodité, en offrant des possibilités de carrière à ses employés ou en servant les communautés qu'ils considèrent comme leur maison par le biais de l'alphabétisation et de l'éducation.

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

NEARBY MAJOR RETAILERS

Hy-Vee
U.S. Bank

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
006421
Land Assessment
$43,955 CAD
Improvements Assessment
$670,489 CAD
Total Assessment
$714,444 CAD
  • Listing ID: 34282945

  • Date on Market: 2024-12-24

  • Last Updated:

  • Address: 200 E South St, Mount Ayr, IA 50854

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