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Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
28838873
28838874

707 IA-14, Greene, IA 50636

MC
CA 02151705
Matthews
Listed by Matthews
$1,030,986
177 days on market
Updated 20 days ago

Dollar General | Absolute NNN | Greene, IA

Details
Property Type Retail
Sub Type Convenience Store, Grocery Store (+1)
Square Footage 9,100
Units 1
Cap Rate 8%
NOI $82,478
Tenancy Single
Brand/Tenant Dollar General
Lease Type Absolute NNN
Lease Expiration 04/30/2032
Remaining Term 5.9
Rent Bumps Yes
Lease Options Five, 5-Year
Price per SqFt $113
Year Built 2017
Buildings 1
Stories 1
Acreage 2.780
Investment Type Net Lease
Tenant Credit Credit Rated

8.00% CAP | 9,100 SF | Minimal Competition

Investment highlights

Lease and Location

  • Minimal competition as the closest national Dollar Store chain is over 10 miles from the subject property.

  • Excellent visibility along IA-14, a key corridor linking nearby communities, and directly across from a recently renovated Casey’s gas station that drives steady daily traffic.

  • Greene, Iowa, is 40 miles north of the Waterloo–Cedar Falls Twin Cities metropolitan area, which has a population of ± 170,000 residents.

Tenant Highlights

  • Dollar General maintains an investment-grade S&P credit rating of BBB.

  • National footprint of approximately 20,000 stores, with continued expansion planned in the coming years.

  • Designated an essential retailer, demonstrating strong performance and resilience throughout the COVID-19 pandemic.

  • Market capitalization of approximately $20 billion, underscoring the company’s financial strength and long-term stability.

Listing Contacts

MC
CA 02151705
Matthews
Listed by Matthews

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$82,478.00
$6,873.17/mo

Valuation Metrics

0
DSCR
8%
Cap Rate
8%
ROI

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Additional Information

Name
Adam Marek
License
F03991000 (IA)
Brokerage
Pacific Realty Commercial, LLC
Brokerage Phone
866-889-0550
Title
Broker of Record
Brokerage Address
11516 Miracle Hills Dr, Ste 400, Omaha, NE 68154
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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