3261 E Euclid Ave
Des Moines, IA 50317
Retail Property For Sale

This Dollar General property offers a stable investment opportunity with a corporate-guaranteed NN lease and 6.5 years remaining on the primary term. The asset is positioned on a highly visible retail corridor in Des Moines, Iowa, less than six miles from downtown and near major traffic routes, including I-235, which sees over 59,000 vehicles per day. The property benefits from strong co-tenancy with national retailers such as McDonald’s, Walgreens, and Bank of America, as well as a dense residential base of more than 127,000 people within a five-mile radius.
The building underwent a full renovation in 2022 when converted from a former Family Dollar to Dollar General, ensuring modern infrastructure and reduced near-term capital expenditure. The tenant is responsible for HVAC repair and replacement, snow and ice removal, and real estate taxes, while contributing toward CAM expenses. With a list price of $1,300,000 and a 6.10% cap rate, this property provides predictable income backed by a publicly traded company (NYSE: DG) with over 20,400 locations nationwide.