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Dollar General 420 E Main St 9,014 SF 100% Leased Retail Building Sac City, IA 50583 $904,556 CAD ($100.35 CAD/SF) 7.50% Cap Rate

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EXECUTIVE SUMMARY

This highly visible free-standing store is located on Main/255th Street, just south of Highway 20 (one of Iowa‘s main east-west highways) in Sac City, Iowa. The 9014 SF freestanding build-to-suit building fis located on 1.31 acres, just west of downtown Sac City. Dollar General has occupied this location since it was new in 2004.
Property is secured with a recently renewed NN+ lease, which includes percentage rent and minimal landlord responsibilities. Tenant also reimburses Landlord for property taxes and parking lot maintenance. Dollar General is the nation‘s leading small community discount store and 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/Renovated
2004/2023
Price
$904,556 CAD
Price Per SF
$100.35 CAD
Cap Rate
7.50%
NOI
$67,842 CAD
Percent Leased
100%
Building Height
1 Story
Building FAR
0.15
Lot Size
1.41 AC
Zoning
NONE

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
810724500163
Land Assessment
$99,412 CAD
Improvements Assessment
$1,114,332 CAD
Total Assessment
$1,213,744 CAD
  • Listing ID: 27802806

  • Date on Market: 2023-02-21

  • Last Updated:

  • Address: 420 E Main St, Sac City, IA 50583

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