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401 E White St 9 283 pi² Commerce de détail Immeuble Preston, IA 52069 1 523 087 $ CAD (164,07 $ 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
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
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
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- Détaillant
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99,999 SF
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$9.99
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Lorem Ipsum
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Jan 0000
Dollar General began in 1939 as J.L. Turner and Son, a family business rooted in Scottsville, Kentucky, and later adopted the Dollar General name as the business expanded. The company built its model around small-box discount retailing and a simple mission centered on serving customers with affordable products and services. The company offers food, health and wellness products, cleaning and laundry supplies, self-care and beauty items, and seasonal décor, sold through Dollar General, DG Market, DGX, pOpshelf, and Mi Súper Dollar General formats. Dollar General also sells products online and combines private brands with widely recognized national brands across a broad consumer mix.
| Locataire | Secteur | pi² Occupé | Loyer/pi² | Type de bail | Fin du bail | |
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Détaillant | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
Impôts fonciers
| Numéro de lot | 882028327012000 | Évaluation des bâtiments | 1 134 629 $ CAD |
| Évaluation du terrain | 69 447 $ CAD | Évaluation totale | 1 204 077 $ CAD |
Impôts fonciers
Présenté par
401 E White St
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