2009 Commerce Drive - Dollar General Portfolio
9,014 SF Investment Retail For Sale
Marketing description
The subject property is a freestanding 9,014 SF building in Grundy Center, Iowa. The property is ideally situated along Hwy-14 on the western edge of town. Dollar General has occupied the space since it was built in 2004. The store completed an interior remodel in 2024 and extended its lease, thus showing a strong commitment to the location.
Sale Price: $562,500
NOI: $45,000
Cap Rate: 8.00%
Tenant: Dolgencorp, LLC
Guarantor: Corporate
Lease Type: NN
Lease Expiration: 11/30/2029
Investment highlights
Interior remodel (2024) & recent parking lot repair work
(2) 5-year extension options remaining at $3,000 increases
Part of National Insurance Program (Tenant pays insurance directly)
Dollar General responsible for minor repairs less than $1000 per occurrence
Dollar General reimburses in full for taxes
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