1609 Norwood Dr | Algona, IA 50511
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- LoopNet Team
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
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
| Parcel Number | 22-02-226-006 | Improvements Assessment | $883,030 |
| Land Assessment | $216,875 | Total Assessment | $1,099,905 |
PROPERTY TAXES
Parcel Number
22-02-226-006
Land Assessment
$216,875
Improvements Assessment
$883,030
Total Assessment
$1,099,905
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