Listed by Exclusive Realty
$1,028,810
Dollar General, Muscatine, IA
Details
Property Type Retail
Sub Type Convenience Store
Square Footage 9,224
Units 1
Cap Rate 7.9%
NOI $81,276
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General
Lease Type NNN
Lease Term 15
Lease Expiration 05/26/2033
Remaining Term 7
Rent Bumps Yes
Lease Options 3 (5) Year Options
Class B
Year Built 2018
Buildings 1
Stories 1
Acreage 1.480
Zoning M1
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 05/27/2018
Ground Lease No
Retail | 7.90% CAP | 9,224 SqFt
Marketing description
Exclusive Realty is pleased to present an Absolute NNN Dollar General located in Muscatine, Iowa. This investment offers a secure, long-term lease with one of the nation’s strongest discount retailers. Muscatine, known as the “Pearl of the Mississippi,” is a thriving community with a strong employment base, major manufacturing presence, and regional retail draw. This Dollar General provides stable, passive income backed by corporate credit and is ideally positioned in a growing retail corridor.
Investment highlights
- NNN lease – Attractive investment with minimal landlord responsibilities, providing predictable income and hassle-free ownership
- Corporate guaranteed lease by Dollar General (NYSE: DG)
- Dollar General is a Fortune 500 company with over 20,000 locations nationwide, providing stability and long-term appeal to investors
- Located in Muscatine, IA – a regional hub along the Mississippi River
- Located on Grandview Ave, a main retail thoroughfare in Muscatine with steady daily traffic and strong visibility
- Strong surrounding demographics with steady population and workforce growth
- Surrounded by established neighborhoods, ensuring consistent foot traffic and a reliable customer base
- As a discount retailer offering groceries, household goods, and everyday necessities, Dollar General is considered recession-resistant and needs-based
Listing Contacts
Listed by Exclusive Realty
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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$81,276.00
$6,773.00/mo
Valuation Metrics
0
DSCR
7.9%
Cap Rate
7.9%
ROI
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