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1212 24th St 9,014 SF Retail Building Eldora, IA 50627 $590,625 ($65.52/SF) 8% Cap Rate
Investment Highlights
- Recent parking lot and exterior lighting improvements
- Part of National Insurance Program (Tenant pays insurance directly)
- Dollar General reimburses in full for taxes
- (2) 5-year extension options remaining at 10% increases
- Dollar General responsible for minor repairs less than $500 per occurrence
- Dollar General pays additional percentage rent at this location
Executive Summary
Property Facts
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Retailer
- -
- -
- -
Dollar General began in 1939 as J.L. Turner and Son Wholesale Company, a dry-goods business started by J.L. Turner and Cal Turner Sr., and the first Dollar General store opened in the mid-1950s. The company operates a discount retail model through Dollar General, DG Market, DGX, and pOpshelf formats, serving customers with food, health and wellness products, cleaning and laundry supplies, self-care and beauty items, seasonal décor, private brands, and national labels. Dollar General supports online shopping and positions itself around affordable everyday goods and community-focused services.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
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Retailer | - | - | - |
Nearby Major Retailers
Property Taxes
| Parcel Number | 8719-07-153-007 | Improvements Assessment | $537,420 |
| Land Assessment | $14,850 | Total Assessment | $552,270 |
Property Taxes
Presented by
1212 24th St
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