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801 Laurel St
Creston, IA 50801
Dollar Tree - Creston, IA · Retail Property For Sale
Investment Highlights
- The property is a Walmart shadow anchored site and benefits from significant crossover traffic generated by one of the most powerful retail anchors.
- The property is strategically positioned in a dense retail trade area with a strong concentration of national & regional retailers including Walmart.
- 2016 construction situated on a generous 1.54-acre parcel with ample parking and strong visibility along Laurel Street in Creston, IA.
- A new lease extension through August, 2031 has been executed by Dollar Tree, demonstrating a strong commitment to the location.
- Minimal landlord responsibilities as the tenant is responsible for everything except roof and structure, delivering a near-passive ownership.
- Corporate guaranteed lease backed by Dollar Tree Stores, Inc. (NASDAQ: DLTR), one of the largest discount retailers in the United States.
Executive Summary
We are pleased to exclusively offer for sale the 8,000 SF Dollar Tree located at 801 Laurel Street in Creston, IA. This deal includes a Double Net (NN) Dollar Tree with minimal landlord responsibilities. The property is shadow anchored by Walmart and backed by a corporate guarantee from Dollar Tree stores, Inc. Dollar Tree recently executed a new lease extension, demonstrating a strong commitment to the location and providing additional confidence in the long-term income stream.
In Cooperation With Sands Investment Group Illinois, LLC – Lic. #481013714 BoR: Andrew Ackerman – Lic. IL #471021429 In Association with Scott Reid & ParaSell, Inc. | Costa Mesa, California | A Licensed Iowa Broker #F06134000 and a Licensed Wisconsin Broker #938545-91 | Licensed in AL, AR, AZ, CA, CO, CT, DC, FL, GA, ID, IL, IA, IN, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY
In Cooperation With Sands Investment Group Illinois, LLC – Lic. #481013714 BoR: Andrew Ackerman – Lic. IL #471021429 In Association with Scott Reid & ParaSell, Inc. | Costa Mesa, California | A Licensed Iowa Broker #F06134000 and a Licensed Wisconsin Broker #938545-91 | Licensed in AL, AR, AZ, CA, CO, CT, DC, FL, GA, ID, IL, IA, IN, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
8,000 SF
Building Class
B
Year Built
2016
Price
$1,668,324 CAD
Price Per SF
$208.54 CAD
Cap Rate
7.50%
NOI
$125,124 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
1.54 AC
Opportunity Zone
Yes
Zoning
Commercial - Commercial
Parking
12 Spaces (1.5 Spaces per 1,000 SF Leased)
Frontage
Property Taxes
| Parcel Number | 0512304030 | Improvements Assessment | $1,334,009 CAD |
| Land Assessment | $305,034 CAD | Total Assessment | $1,639,043 CAD |
Property Taxes
Parcel Number
0512304030
Land Assessment
$305,034 CAD
Improvements Assessment
$1,334,009 CAD
Total Assessment
$1,639,043 CAD
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