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1609 Norwood Dr
Algona, IA 50511
Family Dollar/Dollar Tree · Retail Property For Sale

INVESTMENT HIGHLIGHTS

  • Brand-new 10-year corporate lease backed by corporate guaranty from investment grade tenant (S&P: BBB)
  • 2022 renovation – popular combo store prototype
  • Five, 5-year options to extend lease at increased rents
  • Dollar Tree (NASDAQ: DLTR) is a $26.32B revenue company

PROPERTY FACTS

Property Type
Retail
Building Size
28,000 SF
Building Class
B
Year Built
1975
Tenancy
Single
Building Height
1 Story
Building FAR
0.22
Lot Size
2.94 AC
Frontage
223’ on East Norwood Drive

AMENITIES

  • Pylon Sign
  • Wheelchair Accessible

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
22-02-226-006
Land Assessment
$216,875
Improvements Assessment
$883,030
Total Assessment
$1,099,905
  • Listing ID: 27169487

  • Date on Market: 11/22/2022

  • Last Updated:

  • Address: 1609 Norwood Dr, Algona, IA 50511

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