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401 E White St 9 283 pi² Commerce de détail Immeuble Preston, IA 52069 1 510 674 $ CAD (162,74 $ 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
Classe d’immeuble
B
Année de construction
2017
Prix
1 510 674 $ CAD
Prix par pi²
162,74 $ CAD
Taux de capitalisation
7,50%
Revenu net d’exploitation
113 301 $ 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 began in 1939 as J.L. Turner and Son Wholesale Company, a dry-goods business created by J.L. Turner and Cal Turner. The company later evolved into a discount retailer and now focuses on everyday essentials, including food, health and wellness products, cleaning and laundry supplies, self-care and beauty items, and seasonal décor, alongside private brands and well-known national brands. Dollar General also operates DG Market, DGX, and pOpshelf formats in the United States and Mi Súper Dollar General stores in Mexico, while continuing to build a broad convenience-oriented general merchandise business.
| Locataire | Secteur | pi² Occupé | Loyer/pi² | Type de bail | Fin du bail | |
|
|
Détaillant | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
Relativement accessible à pied
30/100
Très bien adapté aux voitures
80/100
Plutôt accessible en vélo
40/100
Impôts fonciers
| Numéro de lot | 882028327012000 | Évaluation des bâtiments | 1 144 153 $ CAD |
| Évaluation du terrain | 70 030 $ CAD | Évaluation totale | 1 214 183 $ CAD |
Impôts fonciers
Numéro de lot
882028327012000
Évaluation du terrain
70 030 $ CAD
Évaluation des bâtiments
1 144 153 $ CAD
Évaluation totale
1 214 183 $ CAD
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401 E White St
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