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420 E Main St 9,014 SF 100% Leased Retail Building Sac City, IA 50583 $540,000 ($59.91/SF) 9% Cap Rate
Executive Summary
This highly visible free-standing store is located on Main/255th Street, just south of Highway 20 (one of Iowa‘s main east-west highways) in Sac City, Iowa. The 9014 SF freestanding build-to-suit building fis located on 1.31 acres, just west of downtown Sac City. Dollar General has occupied this location since it was new in 2004.
Property is secured with a recently renewed NN+ lease, which includes percentage rent and minimal landlord responsibilities. Tenant also reimburses Landlord for property taxes and parking lot maintenance. Dollar General is the nation‘s leading small community discount store and posted $38.7B in annual sales in 2023.
Property is secured with a recently renewed NN+ lease, which includes percentage rent and minimal landlord responsibilities. Tenant also reimburses Landlord for property taxes and parking lot maintenance. Dollar General is the nation‘s leading small community discount store and posted $38.7B in annual sales in 2023.
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
9,014 SF
Building Class
C
Year Built/Renovated
2004/2023
Price
$540,000
Price Per SF
$59.91
Cap Rate
9%
NOI
$48,600
Percent Leased
100%
Building Height
1 Story
Building FAR
0.15
Lot Size
1.41 AC
Zoning
NONE
Somewhat walkable
20/100
Very drivable
80/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 810724500163 | Improvements Assessment | $790,250 |
| Land Assessment | $70,500 | Total Assessment | $860,750 |
Property Taxes
Parcel Number
810724500163
Land Assessment
$70,500
Improvements Assessment
$790,250
Total Assessment
$860,750
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420 E Main St