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21532659

3973 V18 Rd, Brooklyn, IA 52211

SS
MI MI 6502426558
Exclusive Realty
DG
MI 6501456145
Exclusive Realty
Listed by Exclusive Realty
$1,455,538
23 days on market
Updated 23 days ago

Dollar General, Brooklyn, IA

Details
Property Type Retail
Sub Type Convenience Store
Square Footage 10,400
Net Rentable (SqFt) 10,400
Units 1
Cap Rate 6%
NOI $87,332
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General
Lease Type NNN
Lease Term 15
Lease Expiration 02/24/2036
Remaining Term 9.7
Rent Bumps Yes
Lease Options 5 (5) Year Options
Year Built 2021
Buildings 1
Stories 1
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 02/25/2021

Retail | 6.00% CAP | 10,400 SqFt

Marketing description

Introducing a prime investment opportunity in Brooklyn, IA. This impressive 10,400 SF Dollar General, constructed in 2021, presents a compelling prospect for the savvy investor. With a desirable location and strong tenant presence, this free-standing Dollar General offers stability and potential growth with a credit rating of 'BBB-'. Dollar General operates nearly 20,000 locations nation-wide. The modern construction ensures low maintenance costs, while the spacious layout provides versatility for various retail uses. Don't miss your chance to capitalize on this high-performing asset in a thriving area.

Investment highlights

  • NNN Lease offers zero landlord responsibilities

  • 10,400 SF modern retail building

  • Constructed in 2021

  • Prime location in Brooklyn, IA

  • High-performing, stable investment opportunity

  • Average Annual HH Income exceeds $77K within a 1 Mile Radius

Listing Contacts

SS
MI MI 6502426558
Exclusive Realty
DG
MI 6501456145
Exclusive Realty
Listed by Exclusive Realty

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$87,332.00
$7,277.67/mo

Valuation Metrics

0
DSCR
6%
Cap Rate
6%
ROI

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