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2009 Commerce Dr 9,014 SF 100% Leased Retail Building Grundy Center, IA 50638 $785,903 CAD ($87.19 CAD/SF) 8% Cap Rate
Investment Highlights
- Interior remodel (2024) & recent parking lot repair work
- Part of National Insurance Program (Tenant pays insurance directly)
- Dollar General reimburses in full for taxes
- (2) 5-year extension options remaining at $3,000 increases
- Dollar General responsible for minor repairs less than $1000 per occurrence
Executive Summary
Property Facts
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 | - | - | - |
Property Taxes
| Parcel Number | 871711426004 | Improvements Assessment | $581,618 CAD |
| Land Assessment | $68,293 CAD | Total Assessment | $649,910 CAD |
Property Taxes
Presented by
2009 Commerce Dr
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