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2009 Commerce Dr 9,014 SF 100% Leased Retail Building Grundy Center, IA 50638 $562,500 ($62.40/SF) 8% 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
- -
- -
- -
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 | ||
|
|
Retailer | - | - | - |
Property Taxes
| Parcel Number | 871711426004 | Improvements Assessment | $422,080 |
| Land Assessment | $49,560 | Total Assessment | $471,640 |
Property Taxes
Presented by
2009 Commerce Dr
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