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Dollar General 410 E High St 9,014 SF Retail Building Rockwell City, IA 50579 $895,860 CAD ($99.39 CAD/SF) 7.50% Cap Rate

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EXECUTIVE SUMMARY

The subject property consists of 9,014 SF freestanding building on 1.09 acres on the east side of Rockwell City, Iowa. The property is located on High Street/240th Street, just south of Highway 20, one of central Iowa‘s main east west highways. Dollar General has occupied this location since 2004 when the building was constructed. The property is secured with a recently renewed NN+ lease, which includes percentage rent and minimal landlord responsibilities. Tenant reimburses Landlord for property taxes and parking lot maintenance. Dollar General is the nation‘s leading small community discount store, having posted $38.7B in annual sales in 2023.

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Building Size
9,014 SF
Building Class
C
Year Built
2004
Price
$895,860 CAD
Price Per SF
$99.39 CAD
Cap Rate
7.50%
NOI
$67,190 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
3.86 AC
Opportunity Zone
Yes
Frontage
129’ on East High Street

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
883230380011
Land Assessment
$58,237 CAD
Improvements Assessment
$1,009,632 CAD
Total Assessment
$1,067,869 CAD
  • Listing ID: 28040800

  • Date on Market: 2023-03-22

  • Last Updated:

  • Address: 410 E High St, Rockwell City, IA 50579

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