Se Connecter/S’inscrire
Votre courriel a été envoyé.
401 E White St 9 283 pi² Commerce de détail Immeuble Preston, IA 52069 1 497 648 $ CAD (161,33 $ CAD/pi²) 7,50% Taux de capitalisation
Certaines informations ont été traduites automatiquement.
Faits saillants de l'investissement
- NNN Lease
- Limited Competition
- Low In-Place Rent
Résumé de l'annonce
WSG CRE has been retained by ownership to market the fee simple interest in 401 E White St, Preston, IA, a Dollar General property. Dollar General has occupied the site since 2017 and operates under a net lease with a term extending through 2032. The lease is backed by a corporate guarantee from Dollar General Corporation.
CORPORATE GUARANTY | NNN LEASE STRUCTURE
The property is leased to Dollar General under a triple-net (NNN) lease structure with no landlord responsibilities, providing investors with a truly passive, management-free investment opportunity. All operating expenses, including taxes, insurance, and maintenance, are the responsibility of the tenant.
LIMITED COMPETITION | COMPELLING VISIT STATISTICS
The Dollar General in Preston, IA is the only dollar store in the community and the only one within a 12- mile radius, with the nearest location in Savannah, IL. The store receives more than 119,000 visits per year and ranks in the top 30% of Dollar General locations in Iowa, according to Placer.ai. The lack of nearby competition and strong visit data support the location’s consistent performance.
STRONG IN-PLACE CASH FLOW
The asset is offered at an asking price of $1,095,533, reflecting a 7.50% cap rate on current NOI of $82,165. The property offers stable, predictable annual income backed by a nationally recognized retailer, with 10% rental increases in each of the five option periods.
2017 CONSTRUCTION | LIMITED EXPOSURE
Constructed in 2017, the building is relatively new and in good condition, which may reduce the need for significant capital expenditures during the hold period. The property also features Dollar General’s typical galvalume steel roof, which has an estimated useful life of more than 40 years.
CORPORATE GUARANTY | NNN LEASE STRUCTURE
The property is leased to Dollar General under a triple-net (NNN) lease structure with no landlord responsibilities, providing investors with a truly passive, management-free investment opportunity. All operating expenses, including taxes, insurance, and maintenance, are the responsibility of the tenant.
LIMITED COMPETITION | COMPELLING VISIT STATISTICS
The Dollar General in Preston, IA is the only dollar store in the community and the only one within a 12- mile radius, with the nearest location in Savannah, IL. The store receives more than 119,000 visits per year and ranks in the top 30% of Dollar General locations in Iowa, according to Placer.ai. The lack of nearby competition and strong visit data support the location’s consistent performance.
STRONG IN-PLACE CASH FLOW
The asset is offered at an asking price of $1,095,533, reflecting a 7.50% cap rate on current NOI of $82,165. The property offers stable, predictable annual income backed by a nationally recognized retailer, with 10% rental increases in each of the five option periods.
2017 CONSTRUCTION | LIMITED EXPOSURE
Constructed in 2017, the building is relatively new and in good condition, which may reduce the need for significant capital expenditures during the hold period. The property also features Dollar General’s typical galvalume steel roof, which has an estimated useful life of more than 40 years.
Faits sur la propriété
Type de vente
Investissement pour loyer hypernet
Type de propriété
Commerce de détail
Sous-type de propriété
Immeuble de commerce
Taille du bâtiment
9 283 pi²
Année de construction
2017
Prix
1 497 648 $ CAD
Prix par pi²
161,33 $ CAD
Taux de capitalisation
7,50%
Revenu net d’exploitation
112 324 $ CAD
Location
Unique
Hauteur du bâtiment
1 étage
Coefficient d’occupation des sols de l’immeuble
0,14
Taille du lot
1,50 AC
Zonage
A-1 - Commercial
Stationnement
30 places (3,23 places par 1 000 pi² loué)
Façade
415’ sur E White St.
Commodités
- Enseigne sur pylône
- CVCA contrôlé par le locataire
- Climatisation
Principaux locataires Cliquez ici pour accéder à
- Locataire
- Secteur
- pi² Occupé
- Loyer/pi²
- Type de bail
- Fin du bail
-
- Détaillant
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
Dollar General is a national discount retailer operating multiple neighborhood-scale stores throughout New Port Richey, Florida. The Massachusetts Avenue location serves surrounding residential neighborhoods with a broad assortment of everyday necessities at low price points. The store offers groceries, snacks, health and beauty products, cleaning supplies, basic apparel, paper goods, seasonal items, and private-label merchandise.
| Locataire | Secteur | pi² Occupé | Loyer/pi² | Type de bail | Fin du bail | |
|
|
Détaillant | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
Impôts fonciers
| Numéro de lot | 882028327012000 | Évaluation des bâtiments | 1 130 140 $ CAD |
| Évaluation du terrain | 69 173 $ CAD | Évaluation totale | 1 199 313 $ CAD |
Impôts fonciers
Numéro de lot
882028327012000
Évaluation du terrain
69 173 $ CAD
Évaluation des bâtiments
1 130 140 $ CAD
Évaluation totale
1 199 313 $ CAD
1 de 16
Vidéos
Visite extérieure 3D Matterport
Visite 3D Matterport
Photos
Vue depuis la rue
Rue
Carte
Présenté par
401 E White St
Vous êtes déjà membre? Connectez-vous
Hmm, il semble y avoir eu une erreur lors de l’envoi de votre message. Veuillez réessayer.
Merci! Votre message a été envoyé.