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Dollar General 305 N Federal Ave 27,722 SF 100% Leased Retail Building Mason City, IA 50401 $2,559,271 CAD ($92.32 CAD/SF) 9.48% Cap Rate
INVESTMENT HIGHLIGHTS
- Great Downtown Location
EXECUTIVE SUMMARY
This is a 3-tenant building Downtown Mason City, IA.
Dollar General has been in this location since 2004 and just renewed lease for another 5-year lease.
It also has the Laird Law office which is the premier law office of Cerro Gordo County. The are in a lease till May of 2026 and have already expressed interest in extending the lease, they have been in the building since 2005.
The third tenant is Juvenile court services which have been in the building for 5 years and their lease expires November 30th 2026.
This building has been completely rehabbed over the years with windows, EFIS, roof, HVAC, carpets and electrical.
It comes with 2 parking lots, one on DG side and one on the side of the law firm. Thier is also a public parking lot behind the building.
Dollar General has been in this location since 2004 and just renewed lease for another 5-year lease.
It also has the Laird Law office which is the premier law office of Cerro Gordo County. The are in a lease till May of 2026 and have already expressed interest in extending the lease, they have been in the building since 2005.
The third tenant is Juvenile court services which have been in the building for 5 years and their lease expires November 30th 2026.
This building has been completely rehabbed over the years with windows, EFIS, roof, HVAC, carpets and electrical.
It comes with 2 parking lots, one on DG side and one on the side of the law firm. Thier is also a public parking lot behind the building.
FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Freestanding
Building Size
27,722 SF
Year Built
1939
Price
$2,559,271 CAD
Price Per SF
$92.32 CAD
Cap Rate
9.48%
NOI
$242,742 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.51
Lot Size
1.24 AC
Zoning
Commercial
Frontage
264’ on Federal Ave
Walk Score®
Very Walkable (83)
Bike Score®
Very Bikeable (80)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 07-10-101-01-100 | Total Assessment | $1,655,316 CAD (2025) |
| Land Assessment | $274,885 CAD (2025) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $1,380,431 CAD (2025) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
07-10-101-01-100
Land Assessment
$274,885 CAD (2025)
Improvements Assessment
$1,380,431 CAD (2025)
Total Assessment
$1,655,316 CAD (2025)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2023
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Dollar General | 305 N Federal Ave
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