702 N Eastern St
Sanborn, IA 51248

The lease structure is triple net (NNN), with zero landlord responsibilities. Tenant is responsible for maintaining, repairing, and replacing all aspects of the property, as well as all required insurances, taxes, and utilities. There are thirteen (13.4) years remaining on the lease term, plus five (5), five (5) year options. This location features new 2017 construction and is located on an oversized three (3) acre lot. The lease is corporately guaranteed by Dollar General Corporation, which has an investment grade credit rating of BBB (S&P). The lease provides for 10% rental increases at each option period. The average household income in the five (5) mile demographic ring is $63,094. Sanborn is home to the Hartley-Melvin-Sanborn Middle School that serves the communities of Hartley, Melvin, Sanborn and May City. The school is located just 0.7 miles (2 minutes) from the subject property. The Sanborn Golf & Country Club is a 125-acre park and recreation complex, consisting of a 90-acre golf course and 35 acre of park facilities. The park is located just 2 miles (6 minutes) from the subject property. The City of Sanborn has a limited amount of retail within the city limits. Dollar General serves as the go-to store for surrounding residents. Sanborn is in close proximity to many larger cities: 38 miles (45 minutes) to Iowa Great Lakes, 70 miles (65 minutes) to Sioux City, and 31 miles (40 minutes) to Worthington, MN.