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2009 Commerce Dr 9,014 SF 100% Leased Retail Building Grundy Center, IA 50638 $620,690 ($68.86/SF) 7.25% Cap Rate
INVESTMENT HIGHLIGHTS
- Interior remodel (2024) & recent parking lot repair work
- Part of National Insurance Program (Tenant pays insurance directly)
- Dollar General reimburses in full for taxes
- (2) 5-year extension options remaining at $3,000 increases
- Dollar General responsible for minor repairs less than $1000 per occurrence
EXECUTIVE SUMMARY
PROPERTY FACTS
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
-
- Retailer
- -
- -
- -
DG is proud to be America’s neighborhood general store. They strive to make shopping hassle-free and affordable with convenient, easy-to-shop stores all across the states. DG's stores deliver everyday low prices on items including food, snacks, health and beauty aids, cleaning supplies, basic apparel, housewares, seasonal items, paper products and much more from America’s most-trusted brands and products, along with high-quality private brands. From serving their customers with value and convenience and their employees with career opportunities to serving the communities they call home through literacy and education, Dollar General has been committed to its mission of Serving Others since the company’s founding in 1939.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
|
|
Retailer | - | - | - |
PROPERTY TAXES
| Parcel Number | 871711426004 | Improvements Assessment | $422,080 |
| Land Assessment | $49,560 | Total Assessment | $471,640 |
PROPERTY TAXES
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2009 Commerce Dr
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