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Investment Highlights

  • Building Size: 11,388 SF
  • Year Built: 1959 / Remodeled 2006
  • Lot Size: 40,208 SF
  • Owner Financing may be considered

Executive Summary

This property features a 9,100 SF former Dollar General (leased until October 2025) and a currently leased 2,288 SF office space. It is available for sale, with the option to lease the larger area as well.
The 11,388 SF building is situated just off Hwy 175/US 59 in the center of Ida Grove. Originally a grocery store, it was renovated for Dollar General. The office space is leased to Iowa State Extension, providing a reliable income stream for an owner/user or supplemental income for a buyer willing to find new tenants.

Property Facts

Sale Type
Investment
Sale Condition
Lease Option
Property Type
Retail
Property Subtype
Storefront
Building Size
11,821 SF
Year Built
1959
Price
$655,629 CAD
Price Per SF
$55.46 CAD
Cap Rate
12.65%
NOI
$82,918 CAD
Percent Leased
23%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.29
Lot Size
0.92 AC
Opportunity Zone
Yes

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Retailer
  • 2,288 SF
  • $7.31 CAD
  • Triple Net
  • Apr 2027

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 Type Lease End
Retailer 2,288 SF $7.31 CAD Triple Net Apr 2027

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 1
  • 9,100 SF
  • Retail
  • End Cap
  • Now
Space Size Space Use Position Available
1 9,100 SF Retail End Cap Now

1

Size
9,100 SF
Space Use
Retail
Position
End Cap
Available
Now

1

Size 9,100 SF
Space Use Retail
Position End Cap
Available Now

Fairly walkable
40/100
Very drivable
80/100
Fairly bikeable
50/100

Property Taxes

Property Taxes

Parcel Number
18-06-1402
Land Assessment
$88,473 CAD
Improvements Assessment
$261,290 CAD
Total Assessment
$349,763 CAD
  • Listing ID: 33070700

  • Date on Market: 2024-09-05

  • Last Updated:

  • Address: 209 Moorehead Ave, Ida Grove, IA 51445

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