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Dollar General - Sioux Rapids, IA 300 Highway 71

10,640 SF Retail Building Sioux Rapids, IA 50585 $1,818,754 ($171/SF) 7% Cap Rate

Storefront Properties Iowa Sioux Rapids 300 Highway 71, Sioux Rapids, IA 50585

Investment Highlights

  • 2024 Dollar General Store With 14+ Years Remaining on Primary Term
  • Attractive 5% Rental Increases Throughout Primary Term & Option Periods
  • Limited Retail Competition, the Only Convenience Store in Sioux Rapids, Supporting Retail Needs for the Area
  • Absolute NNN Lease Requiring Zero Landlord Responsibilities
  • Strong Corporate Lease Guaranty From Dollar General
  • Strategically Positioned Along US Highway 71 With 4,500 Vehicles Passing in Front of Subject Property per day

Executive Summary

2024 Dollar General Store With 14+ Years Remaining on Primary Term
Base Annual Rent: $127,312
Rent Per SF: $11.97
Rent Commencement Date: 11/9/2023
Lease Expiration Date: 11/30/2038
Lease Term Remaining: 14+ Years
Lease Type: Absolute NNN
Type of Ownership: Fee Simple
Building Area: 10,640 SF
Land Area: .97 AC
Year Built: 2024
Guarantor: Dollar General Corporation
Price Per SF: $170.94

Attachments

Sioux Rapids, IA - Bang OM

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
10,640 SF
Year Built
2024
Price
$1,818,754
Price Per SF
$171
Cap Rate
7%
NOI
$127,312
Tenancy
Single
Building Height
1 Story
Building FAR
0.58
Lot Size
0.42 AC
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PROPERTY TAXES

Parcel Number 02-12-226-032 Improvements Assessment $1,044,540
Land Assessment $35,150 Total Assessment $1,079,690

PROPERTY TAXES

Parcel Number
02-12-226-032
Land Assessment
$35,150
Improvements Assessment
$1,044,540
Total Assessment
$1,079,690
(513) 300-0763

Contact

  • Listing ID: 33202165

  • Date on Market: 9/17/2024

  • Last Updated:

  • Address: 300 Highway 71, Sioux Rapids, IA 50585

More public record information on 300 Highway 71, Sioux Rapids, IA 50585

The Retail Property at 300 Highway 71, Sioux Rapids, IA 50585 is currently available for sale. Contact Bang Realty for more information.

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Dollar General - Sioux Rapids, IA | 300 Highway 71
(513) 300-0763 x

Dollar General - Sioux Rapids, IA | 300 Highway 71

Brian Brockman

(513) 300-0763

(513) 300-0763

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