Listed by NAI Iowa Realty Commercial - Des Moines
$1,550,000
1205 S Locust Street
Details
Property Type Retail
Sub Type Commercial
Square Footage 13,600
Units 2
Cap Rate 7.35%
Brand/Tenant Dollar General
Year Built 2004
Acreage 1.490
Investment Type Core
Retail | 7.35% CAP | 13,600 SqFt
Marketing description
High visibility frontage on S Locust St directly off the Hwy 34 on/off ramps in Glenwood, IA. Part of the main retail corridor with strong co-tenants like McDonalds, O'Reilly Autoparts, Subway, Bomgaars, Medicap Pharmacy and Casey's.
Dollar General and Anytime Fitness have both recently executed lease extensions through 2030. Annual rent increase for Anytime Fitness and rent increase for Dollar General at next renewal option.
Newly refinished asphalt parking lot.
30 minutes to Council Bluffs and Omaha MSAs. 20 minutes to Offutt Air Force Base
Investment highlights
Listing Contacts
Listed by NAI Iowa Realty Commercial - Des Moines
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