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Dollar General 307 Center Ave S 9,026 SF Retail Building Mitchellville, IA 50169 $971,501 ($107.63/SF) 8% Cap Rate
Investment Highlights
- Dollar General recently exercised an early five-year lease extension, demonstrating a strong commitment to this location
- Close proximity to Adventureland Resort, Prairie Meadows Racetrack and Casino, and Iowa Speedway
- Minimal competition — the nearest national dollar-store competitor is 8+ miles away
- Attractive 8% return on a stabilized investment-grade credit tenant
- Mitchellville, IA is located less than 20 miles from Des Moines, the state capital and largest metropolitan area
- Dollar General boasts an investment-grade credit rating of BBB (S&P)
Executive Summary
Adam Marek
License # S44830000, F03991000 (IA)
Pacific Realty Commercial, LLC
11516 Miracle Hills Dr. Ste #400 Omaha, NE 68154
(866) 889-0550
License # S44830000, F03991000 (IA)
Pacific Realty Commercial, LLC
11516 Miracle Hills Dr. Ste #400 Omaha, NE 68154
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,026 SF
Building Class
C
Year Built
2011
Price
$971,501
Price Per SF
$107.63
Cap Rate
8%
NOI
$77,720
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
1.00 AC
Zoning
C-2
Frontage
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
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 | - | $9.99 | Lorem Ipsum | Jan 0000 |
Somewhat walkable
20/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 141-00041007001 | Improvements Assessment | $953,000 |
| Land Assessment | $297,000 | Total Assessment | $1,250,000 |
Property Taxes
Parcel Number
141-00041007001
Land Assessment
$297,000
Improvements Assessment
$953,000
Total Assessment
$1,250,000
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