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Dollar General 209 Moorehead Ave 11,821 SF 23% 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
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
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 |
Space Availability
- Space
- Size
- Space Use
- Position
- Available
| Space | Size | Space Use | Position | Available |
| 1 | 9,100 SF | Retail | End Cap | Now |
1
| Size |
| 9,100 SF |
| Space Use |
| Retail |
| Position |
| End Cap |
| Available |
| Now |
1
| Size | 9,100 SF |
| Space Use | Retail |
| Position | End Cap |
| Available | Now |
Property Taxes
| Parcel Number | 18-06-1402 | Improvements Assessment | $189,250 |
| Land Assessment | $64,080 | Total Assessment | $253,330 |
Property Taxes
Presented by
Dollar General | 209 Moorehead Ave
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