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Dollar General 100 Southern Prairie Dr 9,014 SF Retail Building Madrid, IA 50156 $959,325 ($106.43/SF) 8% Cap Rate
Investment Highlights
- Dollar General recently exercised a five-year lease extension, demonstrating a strong commitment to this location
- Minimal competition — the nearest national dollar-store competitor is 12+ miles away.
- Dollar General has ±20,000 locations and plans to continue their expansion for the foreseeable future
- Attractive 8% return on a stabilized investment-grade credit tenant
- Dollar General boasts an investment-grade credit rating of BBB (S&P)
- Dollar General has a market cap of ±$23 billion.
Executive Summary
Broker of Record
Pacific Realty Commercial, LLC
License # S44830000, F03991000 (IA)
Adam Marek
11516 Miracle Hills Dr. Ste #400 Omaha, NE 68154
(866) 889-0550
Pacific Realty Commercial, LLC
License # S44830000, F03991000 (IA)
Adam Marek
11516 Miracle Hills Dr. Ste #400 Omaha, NE 68154
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,014 SF
Building Class
C
Year Built
2011
Price
$959,325
Price Per SF
$106.43
Cap Rate
8%
NOI
$76,746
Tenancy
Single
Building Height
1 Story
Zoning
INC
Frontage
211’ on Hwy 17
Somewhat walkable
20/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 088226364186105 | Improvements Assessment | $847,940 |
| Land Assessment | $146,560 | Total Assessment | $994,500 |
Property Taxes
Parcel Number
088226364186105
Land Assessment
$146,560
Improvements Assessment
$847,940
Total Assessment
$994,500
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