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Dollar General 3973 Co V18 Rd 10,640 SF Retail Building Brooklyn, IA 52211 $1,204,579 ($113.21/SF) 7.25% Cap Rate
Investment Highlights
- Located Central Iowa - Property Situated Along V18 Rd.Brooklyn, IA, Providing Convenient Access to Surrounding Agriculture--
- Accessible Location near Major Transportation Corridors - The Property Benefits from Proximity to Interstate 80, Providing Efficient Connectivity
- Property Offers Advantages of Rural Setting Maintaining Accessibility to Nearby Employment, Commercial Services & Transportation Infrastructure.
- --Residential, and Regional Commercial Areas throughout Poweshiek County. Limited Competition Trade Area - Only Dollar General Within 13-Mile Radius.
- Surrounding Area is Supported by Iowa's Strong Agricultural Economy, Creating Long-Term Stability and Consistent Economic Activity throughout Region.
- Located within an Established Central Iowa Community, the Property Benefits from Stable Market Fundamentals & Long-Term Economic Sustainability.
Executive Summary
This newly constructed Dollar General property represents a stable net lease investment opportunity in central Iowa. The 9,100 SF building sits on 1.39 acres and features a corporate-guaranteed NNN lease with over 10 years of term remaining. The property benefits from a strategic location along V18 Road in Brooklyn, Iowa, providing convenient access to surrounding agricultural, residential, and regional commercial areas throughout Poweshiek County.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Convenience Store
Building Size
10,640 SF
Building Class
C
Year Built
2021
Price
$1,204,579
Price Per SF
$113.21
Cap Rate
7.25%
NOI
$87,332
Tenancy
Single
Building Height
1 Story
Building FAR
0.49
Lot Size
0.50 AC
Zoning
C-1 - Commercial
Parking
41 Spaces (3.85 Spaces per 1,000 SF Leased)
Frontage
216’ on V18 Road
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
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Dollar General | 3973 Co V18 Rd
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