

Dollar General
About This Property
Investment highlights
•NN Lease with 6.5 Years Remaining - Former Family Dollar Converted to Dollar General in 2022
•Landlord is Responsible for Roof, Structure and Parking Lot Replacement
•Located Less Than Six Miles from Downtown Des Moines
•Store is Positioned Directly Next Door to McDonald’s and on a Dense Retail Corridor with Other National Tenants Including Goodwill, Little Ceasars, Wendys, KFC, Subway, Walgreens, Bank of America, Wells Fargo as well as Other Local and Medical Tenants and a Strong Industrial Presence
•Store is Ranked Top 20% in the State of Iowa (Placer.ai)
•Less Than Seven Miles from Drake University (Enrollment of Approximately 5,000 Students)
•Located on the Main Corridor in the Area (14,600+ VPD and Directly Off of I-235 Exit Which Sees 59,000+ VPD)
•Infill Location and More Than 127,000 People Within a Five Mile Radius
•Local Area Includes a Dense Residential Presence with More Than 50,000 Households in Five Miles
•Tenant is Responsible for HVAC Repair and Replacement
•Tenant Supplies $300 per Month Towards CAM
•Tenant Fully Reimburses for Snow & Ice Removal and Real Estate Taxes
•Store is Part of Dollar General’s National Insurance Program
•2025 Total Assessed Value According to Polk County Assessor (Building and Land) is $1,390,000
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