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Dollar General 209 Moorehead Ave 11,821 SF 100% Leased Retail Building Ida Grove, IA 51445 $469,776 ($39.74/SF) 12.65% Cap Rate
Investment Highlights
- Building Size: 11,388 SF
- Year Built: 1959 / Remodeled 2006
- Lot Size: 40,208 SF
- Owner Financing may be considered
Executive Summary
This property features a 9,100 SF former Dollar General (leased until October 2025) and a currently leased 2,288 SF office space. It is available for sale, with the option to lease the larger area as well.
The 11,388 SF building is situated just off Hwy 175/US 59 in the center of Ida Grove. Originally a grocery store, it was renovated for Dollar General. The office space is leased to Iowa State Extension, providing a reliable income stream for an owner/user or supplemental income for a buyer willing to find new tenants.
The 11,388 SF building is situated just off Hwy 175/US 59 in the center of Ida Grove. Originally a grocery store, it was renovated for Dollar General. The office space is leased to Iowa State Extension, providing a reliable income stream for an owner/user or supplemental income for a buyer willing to find new tenants.
Property Facts Under Contract
Sale Type
Investment
Sale Condition
Lease Option
Property Type
Retail
Property Subtype
Storefront
Building Size
11,821 SF
Year Built
1959
Price
$469,776
Price Per SF
$39.74
Cap Rate
12.65%
NOI
$59,413
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.29
Lot Size
0.92 AC
Opportunity Zone
Yes
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
- 2,288 SF
- $5.24
- Triple Net
- Apr 2027
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 Type | Lease End | |
|
|
Retailer | 2,288 SF | $5.24 | Triple Net | Apr 2027 |
Fairly walkable
40/100
Very drivable
80/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 18-06-1402 | Improvements Assessment | $189,250 |
| Land Assessment | $64,080 | Total Assessment | $253,330 |
Property Taxes
Parcel Number
18-06-1402
Land Assessment
$64,080
Improvements Assessment
$189,250
Total Assessment
$253,330
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Dollar General | 209 Moorehead Ave