Dollar General - Sac City
Dollar General | Investment Property
Marketing description
This highy 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 is 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.
Investment highlights
+ NOI: $48,600
+ Cap Rate: 9%
+ Building Size: 9,014 SF
+ Lot Size: 1.41 Acres
+ Year Built: 2004 / Store Remodel: 2023
+ Lease Type: NN+
+ Lease Expiration: 9/30/29
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