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Dollar General 3614 Grandview Ave 9,224 SF 100% Leased Retail Building Muscatine, IA 52761 $1,121,050 ($121.54/SF) 7.25% Cap Rate
INVESTMENT HIGHLIGHTS
- Absolute NNN lease – zero landlord responsibilities; tenant covers taxes, insurance and all maintenance
- Surrounded by established neighborhoods, ensuring consistent foot traffic and a reliable customer base
- Population exceeds 19K within a 5 Mile Radius
- Located in Muscatine, IA – a regional hub along the Mississippi River
- Located on Grandview Ave, a main retail thoroughfare in Muscatine with steady daily traffic and strong visibility
EXECUTIVE SUMMARY
Exclusive Realty is pleased to present an Absolute NNN Dollar General located in Muscatine, Iowa. This investment offers a secure, long-term lease with one of the nation’s strongest discount retailers. Muscatine, known as the “Pearl of the Mississippi,” is a thriving community with a strong employment base, major manufacturing presence, and regional retail draw. This Dollar General provides stable, passive income backed by corporate credit and is ideally positioned in a growing retail corridor.
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PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Building Size
9,224 SF
Building Class
B
Year Built
2005
Price
$1,121,050
Price Per SF
$121.54
Cap Rate
7.25%
NOI
$81,276
Percent Leased
100%
Building Height
1 Story
Building FAR
0.14
Lot Size
1.48 AC
Zoning
M1
PROPERTY TAXES
| Parcel Number | 1317300026 | Improvements Assessment | $777,990 |
| Land Assessment | $212,750 | Total Assessment | $990,740 |
PROPERTY TAXES
Parcel Number
1317300026
Land Assessment
$212,750
Improvements Assessment
$777,990
Total Assessment
$990,740
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Dollar General | 3614 Grandview Ave
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