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Dollar General E Bow Dr. & N 2nd St. 10,640 SF Retail Building Cherokee, IA 51012 $2,386,000 ($224.25/SF) 6.75% Cap Rate

Retail Buildings Iowa Cherokee E Bow Dr. & N 2nd St., Cherokee, IA 51012

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Investment Highlights

  • 15-Year Absolute NNN Lease, No Landlord Responsibilities
  • Relocation of High-Performing Store, Proven Concept in Trade Area
  • Dollar General is the Nation’s Largest Retailer with 20,450+ Stores
  • 5% Rental Increases Every 5 Years Throughout the Base Term and Options
  • Investment Grade Credit Tenant (Rated ‘BBB’ by S&P), #112 on Fortune 500 in 2025
  • Classified Nationally as an Essential Retailer for Daily Shopping Needs

Property Facts

Sale Type
Investment NNN
Sale Condition
Build to Suit
Property Type
Retail
Property Subtype
Freestanding
Building Size
10,640 SF
Building Class
C
Year Built
2026
Construction Status
Under Construction
Price
$2,386,000
Price Per SF
$224.25
Cap Rate
6.75%
NOI
$161,052
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
3.98 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Frontage
282’ on West Bow Drive

Links

1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Source: Local Logic®

Nearby Major Retailers

Hy-Vee
Fareway Meat & Grocery

Property Taxes

Parcel Number 7-27-206-006 Improvements Assessment $378,490
Land Assessment $145,000 Total Assessment $523,490

Property Taxes

Parcel Number
7-27-206-006
Land Assessment
$145,000
Improvements Assessment
$378,490
Total Assessment
$523,490
(858) 373-3174

Still interested?

Contact the brokers for more information about this property

Contacts

  • Listing ID: 40393294

  • Date on Market: 5/4/2026

  • Last Updated:

  • Address: E Bow Dr. & N 2nd St., Cherokee, IA 51012

The Retail Property at E Bow Dr. & N 2nd St., Cherokee, IA 51012 is currently available for Sale. Contact Marcus & Millichap for more information.

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E Bow Dr. & N 2nd St., Cherokee, IA for sale Primary Photo- Image 1 of 3
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E Bow Dr. & N 2nd St., Cherokee, IA for sale Building Photo- Image 2 of 3
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Dollar General | E Bow Dr. & N 2nd St.
(858) 373-3174 x

Dollar General | E Bow Dr. & N 2nd St.

Phil Sambazis
(858) 373-3174

Jon Ruzicka
(952) 852-9767

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