Family Dollar / Dollar Tree - Sibley IA 707 2nd Ave 10,500 SF 100% Leased Retail Building Sibley, IA 51249 $1,226,842 ($116.84/SF) 9.50% Cap Rate

We are pleased to present this 10,500 SF. freestanding Family Dollar store located in Sibley, Iowa. The property offers a Double Net (NN) Lease, leaving minimal landlord responsibilities. The lease contains 4 (5 year) options to renew, each with a$0.50 PSF rental rate increase. The lease has a corporate guaranty. The store has completed construction & successfully opened for business in December 2023!
This Family Dollar store is highly visible as it is strategically positioned between 1st Avenue & 2nd Avenue which sees 4,414 cars per day. With 3 ingress/egress points, the store is easily accessible from either street. It sits across the street from a Casey's & gas station. The ten-mile population from the site is 5,802 while the three-mile average household income is $74,225 per year, making this location ideal for a Family Dollar | Dollar Tree store. The Subject offering represents an ideal opportunity for a 1031 exchange buyer or a “passive” investor to attain the fee simple ownership of a Family Dollar.
This investment will offer a new owner continued success due to the financial strength and the proven profitability of the tenant, one of the nation’s top dollar stores. List price reflects a 9.50% cap rate based on NOI of $116,550.