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DOLLAR GENERAL MARKET 709 Highway 61 N

12,668 SF Retail Building Wapello, IA 52653 $1,771,289 ($140/SF) 7.40% Cap Rate

Retail Buildings Iowa Wapello 709 Highway 61 N, Wapello, IA 52653

Investment Highlights

  • Brand new 2024 build-to-suit construction for Dollar General Market
  • Attractive lease structure with 5% rent increases every 5 years throughout the initial term and options
  • 15 years absolute NNN lease with zero Landlord responsibilities
  • Relocation store from a previously existing site within the market
  • Dollar General Market stores are DG’s grocery store concept and confirm that they are projecting a very large sale volume based off of their previous
  • Relocation stores confirm proven locations within an established customer base

Executive Summary

Broker of Record
Adam Marek
License No. F03991000 (IA)
(866) 889-0550
Pacific Realty Commercial, LLC
11516 Miracle Hills Dr. Ste #400 Omaha,
NE 68154

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
12,668 SF
Year Built
2024
Price
$1,771,289
Price Per SF
$140
Cap Rate
7.40%
NOI
$131,075
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Land Acres
2.28 AC
Zoning
Commercial - Commercial

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease End
  • DG Market
  • Retailer
  • -
  • -
  • -
Tenant Industry SF OCCUPIED RENT/SF Lease End
DG Market Retailer - - -

Links

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PROPERTY TAXES

Parcel Number 08-28-226-020 Improvements Assessment $1,300
Land Assessment $22,950 Total Assessment $24,250

PROPERTY TAXES

Parcel Number
08-28-226-020
Land Assessment
$22,950
Improvements Assessment
$1,300
Total Assessment
$24,250
(214) 692-2289

  • Listing ID: 33437744

  • Date on Market: 10/7/2024

  • Last Updated:

  • Address: 709 Highway 61 N, Wapello, IA 52653

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DOLLAR GENERAL MARKET | 709 Highway 61 N
(214) 692-2289 x

DOLLAR GENERAL MARKET | 709 Highway 61 N

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Josh Bishop

(214) 692-2289

(214) 692-2289

Edward Desimone

(310) 919-5696

(310) 919-5696

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