103 N 37th Rd | Lake City, IA 51449
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- LoopNet Team
103 N 37th Rd
Lake City, IA 51449
Dollar General · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- ±13.25-years remaining on an ABS NNN lease with ZERO landlord responsibilities
- 5% rental increases every 5 years, including in the five, 5 year options
- Strong average household income of $76,126 (5 mile)
- Dollar General signed a brand new 15 year lease in 2023 proving their commitment to this location
- Limited competition with the nearest dollar store located over ±15 miles away
- Dollar General boasts an investment grade credit rating of BBB (S&P)
PROPERTY FACTS
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,128 SF
Building Class
C
Year Built
2016
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
1.55 AC
Parking
28 Spaces (3.07 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Corner Lot
- Pylon Sign
- Signage
PROPERTY TAXES
| Parcel Number | 863412476013 | Improvements Assessment | $987,710 |
| Land Assessment | $52,440 | Total Assessment | $1,040,150 |
PROPERTY TAXES
Parcel Number
863412476013
Land Assessment
$52,440
Improvements Assessment
$987,710
Total Assessment
$1,040,150
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