401 E White St
Preston, IA 52069
Dollar General | Preston, IA · Retail Property For Sale

The lease structure is triple net (NNN), with zero landlord responsibilities. Tenant is responsible for maintaining, repairing, and replacing all aspects of the property, as well as all required insurances, taxes, and utilities. There are fourteen (14.1) years remaining on the lease term, plus five (5), five (5) year options. This location features new 2017 construction. The lease is corporately guaranteed by Dollar General Corporation, which has an investment grade credit rating of BBB (S&P). The lease provides for 10% rental increases at each option period. The average household income in the five (5) mile demographic ring is $66,273. The next closest Dollar Store is 12 miles away from the subject property. The subject property is located 3 minutes from the Easton Valley Junior High and High Schools, that serve the towns of Preston, Miles and Sabula. Preston has been the home of Plastics Unlimited, a leader in custom thermoforming, composites, & Urethan processes since 1993. Plastics Unlimited boasts well-known clients such as John Deere, General Electric, Bridgestone and Nestle. A handful of agriculture and farming suppliers/retailers are located in Preston, which serve the surrounding cities in Iowa as well. The City of Preston has a limited amount of retail within the city limits. Dollar General serves as the go-to store for surrounding residents. Preston is located in Jackson County approximately 45 minutes south of Dubuque and 45 minutes north of the Quad Cities, which is a region of 5 cities in NW IL and SE Iowa. These 5 cities include, Davenport and Bettendorf in Iowa, and Rock Island, Moline, and East Moline in Illinois.