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- LoopNet Team
1451 Zinnia Ave
Nora Springs, IA 50458
Dollar General | Nora Springs, IA · Retail Property For Sale
PROPERTY FACTS
AMENITIES
- Pylon Sign
- Tenant Controlled HVAC
ABOUT 1451 ZINNIA AVE , NORA SPRINGS, IA 50458
The lease structure is triple net (NNN), with zero landlord responsibilities. Tenant is responsible for maintaining, repairing, and replacing all aspects of the property, as well as all required insurances, taxes, and utilities. There are thirteen (13.5) years remaining on the lease term, plus five (5), five (5) year options. This location features new 2017 construction. The lease is corporately guaranteed by Dollar General Corporation, which has an investment grade credit rating of BBB (S&P). The lease provides for 10% rental increases at each option period. The average household income in the five (5) mile demographic ring is $67,772. The property is situated on the corner of W Congress St. & Zinnia Ave., which report traffic counts of over 8,300 cars per day. The City of Nora Springs has a limited amount of retail within the city limits. Dollar General serves as the go-to store for surrounding residents. The next closest Dollar Store is 7.2 miles away from the subject property. This Dollar General is located 8 miles (10 minutes) west of Mason City, IA, which has over 27,000 residents.
PROPERTY TAXES
| Parcel Number | 08-12-400-01-600 | Improvements Assessment | $0 |
| Land Assessment | $3,790 | Total Assessment | $3,790 |
PROPERTY TAXES
