Log In/Sign Up
Your email has been sent.
Dollar Tree - Creston, IA 801 Laurel St 8,000 SF Retail Building Creston, IA 50801 $1,200,000 ($150/SF) 7.50% Cap Rate
Investment Highlights
- The property is a Walmart shadow anchored site and benefits from significant crossover traffic generated by one of the most powerful retail anchors.
- The property is strategically positioned in a dense retail trade area with a strong concentration of national & regional retailers including Walmart.
- 2016 construction situated on a generous 1.54-acre parcel with ample parking and strong visibility along Laurel Street in Creston, IA.
- A new lease extension through August, 2031 has been executed by Dollar Tree, demonstrating a strong commitment to the location.
- Minimal landlord responsibilities as the tenant is responsible for everything except roof and structure, delivering a near-passive ownership.
- Corporate guaranteed lease backed by Dollar Tree Stores, Inc. (NASDAQ: DLTR), one of the largest discount retailers in the United States.
Executive Summary
We are pleased to exclusively offer for sale the 8,000 SF Dollar Tree located at 801 Laurel Street in Creston, IA. This deal includes a Double Net (NN) Dollar Tree with minimal landlord responsibilities. The property is shadow anchored by Walmart and backed by a corporate guarantee from Dollar Tree stores, Inc. Dollar Tree recently executed a new lease extension, demonstrating a strong commitment to the location and providing additional confidence in the long-term income stream.
In Cooperation With Sands Investment Group Illinois, LLC – Lic. #481013714 BoR: Andrew Ackerman – Lic. IL #471021429 In Association with Scott Reid & ParaSell, Inc. | Costa Mesa, California | A Licensed Iowa Broker #F06134000 and a Licensed Wisconsin Broker #938545-91 | Licensed in AL, AR, AZ, CA, CO, CT, DC, FL, GA, ID, IL, IA, IN, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY
In Cooperation With Sands Investment Group Illinois, LLC – Lic. #481013714 BoR: Andrew Ackerman – Lic. IL #471021429 In Association with Scott Reid & ParaSell, Inc. | Costa Mesa, California | A Licensed Iowa Broker #F06134000 and a Licensed Wisconsin Broker #938545-91 | Licensed in AL, AR, AZ, CA, CO, CT, DC, FL, GA, ID, IL, IA, IN, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
8,000 SF
Building Class
B
Year Built
2016
Price
$1,200,000
Price Per SF
$150
Cap Rate
7.50%
NOI
$90,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
1.54 AC
Opportunity Zone
Yes
Zoning
Commercial - Commercial
Parking
12 Spaces (1.5 Spaces per 1,000 SF Leased)
Frontage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Dollar Tree
- Retailer
- 8,000 SF
- $11.25
- Double Net
- Aug 2031
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Dollar Tree | Retailer | 8,000 SF | $11.25 | Double Net | Aug 2031 |
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 0512304030 | Improvements Assessment | $971,970 |
| Land Assessment | $222,250 | Total Assessment | $1,194,220 |
Property Taxes
Parcel Number
0512304030
Land Assessment
$222,250
Improvements Assessment
$971,970
Total Assessment
$1,194,220
1 of 6
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Dollar Tree - Creston, IA | 801 Laurel St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.