Dollar General - Manning, IA | 325 6th St
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Dollar General - Manning, IA 325 6th St
9,100 SF Retail Building Manning, IA 51455 $1,147,000 ($126/SF) 7.25% Cap Rate
Investment Highlights
- STRONG CORPORATE GUARANTY
- LESS THAN 1 MILE TO MANNING’S ONLY HEALTHCARE FACILITY
- FILLS A MARKET VOID
- STRONG LEASE FUNDAMENTALS WITH RENTAL INCREASES
- COMMITMENT TO LOCATION
Executive Summary
Bang Realty has been exclusively engaged to solicit offers for the sale of a Dollar General in Manning, IA. The Premises is leased to Dollar General, who has recently exercised a 10 year extension with 6 additional 5 year option terms. The Asset serves as the only dollar store in the market and is less than a mile from the main market employer (Manning Regional Healthcare Center).
Tenant Name: Dollar General
Address: 325 6th St, Manning, IA 51455
Building Size: (GLA) 9,100 SF
Land Size: 1.50 Acres
Year Built/Renovated: 2016
Signator/Guarantor: Dollar General Inc.
Rent Type: Abs. NNN
Landlord Responsibilities: None
Extension Start: 11/1/2024
Lease Expiration: 10/31/2034
Remaining Term: 10 Years
Current Annual Rent: $83,140
RENT
SCHEDULE TERM ANNUAL RENT
Current Term Years 1-10 $83,140
1st Extension Years 11-15 $91,454
2nd Extension Years 16-20 $100,600
3rd Extension Years 21-25 $110,660
4th Extension Years 26-30 $121,726
Tenant Name: Dollar General
Address: 325 6th St, Manning, IA 51455
Building Size: (GLA) 9,100 SF
Land Size: 1.50 Acres
Year Built/Renovated: 2016
Signator/Guarantor: Dollar General Inc.
Rent Type: Abs. NNN
Landlord Responsibilities: None
Extension Start: 11/1/2024
Lease Expiration: 10/31/2034
Remaining Term: 10 Years
Current Annual Rent: $83,140
RENT
SCHEDULE TERM ANNUAL RENT
Current Term Years 1-10 $83,140
1st Extension Years 11-15 $91,454
2nd Extension Years 16-20 $100,600
3rd Extension Years 21-25 $110,660
4th Extension Years 26-30 $121,726
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
9,100 SF
Building Class
C
Year Built
2016
Price
$1,147,000
Price Per SF
$126
Cap Rate
7.25%
NOI
$83,140
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
1.50 AC
PROPERTY TAXES
| Parcel Number | 1317481009 | Improvements Assessment | $589,720 |
| Land Assessment | $61,750 | Total Assessment | $651,470 |
PROPERTY TAXES
Parcel Number
1317481009
Land Assessment
$61,750
Improvements Assessment
$589,720
Total Assessment
$651,470
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Dollar General - Manning, IA | 325 6th St
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