Log In/Sign Up
Your email has been sent.
Dollar Tree 1103 13th St SW 9,000 SF Retail Building Spencer, IA 51301 $800,000 ($88.89/SF) 9% Cap Rate
INVESTMENT HIGHLIGHTS
- Secure national credit tenant leased to Dollar General.
- Proven location performance with long-term tenant occupancy in a high-traffic retail corridor offering strong visibility and easy access.
- Attractive current yield at an 9% cap rate based on in-place income, offering strong cash ow.
- Prime retail location surrounded by a strong mix of national and regional tenants including Walmart Supercenter, Menards, TJ Maxx, Hobby Lobby, ETC
EXECUTIVE SUMMARY
Dollar Tree in Spencer, IA is a 9,000 SF freestanding retail property on 1.47 acres, operating under a double-net lease through September 2027 with one five-year renewal option. The asset generates $72,000 in annual rent, offered at $800,000 for an 9% cap rate. Featuring a national credit tenant in a proven, high-traffic retail corridor, the location offers strong visibility, easy access, and stable cash flow. With a shorter remaining lease term, this property presents both secure income and potential value-add opportunities for an investor.
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
9,000 SF
Building Class
C
Year Built
2015
Price
$800,000
Price Per SF
$88.89
Cap Rate
9%
NOI
$72,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
1.47 AC
Zoning
C-2 HIGHWA
Parking
30 Spaces (3.33 Spaces per 1,000 SF Leased)
Frontage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 9637-24-127-010 | Improvements Assessment | $691,130 |
| Land Assessment | $308,750 | Total Assessment | $999,880 |
PROPERTY TAXES
Parcel Number
9637-24-127-010
Land Assessment
$308,750
Improvements Assessment
$691,130
Total Assessment
$999,880
1 of 11
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Dollar Tree | 1103 13th St SW
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.