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Investment Highlights

  • Dollar General recently exercised an early five-year lease extension, demonstrating a strong commitment to this location
  • Close proximity to Adventureland Resort, Prairie Meadows Racetrack and Casino, and Iowa Speedway
  • Minimal competition — the nearest national dollar-store competitor is 8+ miles away
  • Attractive 8% return on a stabilized investment-grade credit tenant
  • Mitchellville, IA is located less than 20 miles from Des Moines, the state capital and largest metropolitan area
  • Dollar General boasts an investment-grade credit rating of BBB (S&P)

Executive Summary

Adam Marek
License # S44830000, F03991000 (IA)
Pacific Realty Commercial, LLC
11516 Miracle Hills Dr. Ste #400 Omaha, NE 68154
(866) 889-0550

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,026 SF
Building Class
C
Year Built
2011
Price
$1,344,120 CAD
Price Per SF
$148.92 CAD
Cap Rate
8%
NOI
$107,530 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
1.00 AC
Zoning
C-2
Frontage
186’ on Center

Major Tenants Click Here to Access

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Retailer
  • -
  • $9.99
  • Lorem Ipsum
  • Jan 0000

Dollar General began in 1939 as a wholesale venture and later opened its first store in 1955, growing into a discount retail business focused on everyday essentials. The company sells food, snacks, health and beauty aids, cleaning supplies, basic apparel, housewares, paper products, and seasonal items, and it also offers products online. Dollar General operates as a broad neighborhood retail chain with a presence across the United States and Mexico, serving shoppers through convenient store formats and an e-commerce channel.

Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Retailer - $9.99 Lorem Ipsum Jan 0000
Somewhat walkable
20/100
Exceptionally drivable
100/100
Fairly bikeable
40/100

Property Taxes

Property Taxes

Parcel Number
141-00041007001
Land Assessment
$410,914 CAD
Improvements Assessment
$1,318,523 CAD
Total Assessment
$1,729,438 CAD
  • Listing ID: 40758470

  • Date on Market: 2026-06-02

  • Last Updated:

  • Address: 307 Center Ave S, Mitchellville, IA 50169

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