Listed by Marcus & Millichap - San Diego
$2,386,000
Dollar General
Details
Property Type Retail
Sub Type Grocery Store, Storefront
Square Footage 10,640
Net Rentable (SqFt) 10,640
Cap Rate 6.75%
NOI $161,052
Occupancy 100%
Tenancy Single
Lease Term 15
Rent Bumps Yes
Lease Options Five, 5-Year
Year Built 2026
Acreage 1.400
Investment Type Net Lease
Ground Lease No
New Dollar General | Relocation of High-Performing Store | 15-Year Absolute NNN | Near K-12 Schools
Investment highlights
- 15-Year Absolute NNN Lease, No Landlord Responsibilities
- 5% Rental Increases Every 5 Years Throughout the Base Term and Options
- Relocation of High-Performing Store, Proven Concept in Trade Area
- Investment Grade Credit Tenant (Rated ‘BBB’ by S&P), #112 on Fortune 500 in 2025
- Dollar General is the Nation’s Largest Retailer with 20,450+ Stores
- Classified Nationally as an Essential Retailer for Daily Shopping Needs
- Strategic Location, Nearest Dollar General and Family Dollar Store is Over 20 Miles Away
- Surrounded by Affluent Communities, Average Household Incomes Exceed $77,000 in 1 Mile and $79,000 in 3 Miles
- Hard Corner Location at Signalized Intersection
- Walking Distance to Newly Renovated Cherokee Regional Medical Center Campus
- Less Than 1 Mile to K-12 Schools with 1,200+ Students
- 1.5 Miles to 670,000 SF Hy-Vee Distribution Center with 545 Employees
- Just East of Loess Hills Region Attracting 1.3 Million Visitors Annually
- Close Proximity to the Iowa Great Lakes Region with 700,000 Visitors Annually
- Tourism is a Major and Rapidly Growing Economic Driver in Northwest Iowa
Listing Contacts
Listed by Marcus & Millichap - San Diego
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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$161,052.00
$13,421.00/mo
Valuation Metrics
0
DSCR
6.75%
Cap Rate
6.75%
ROI
Map
Zoning
C-1 CommercialRetail CommercialGeneral Retail Business District
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View all 42 uses
View all 42 uses Last updated Mar 9, 2026 For deeper zoning details, reports are available at Zoneomics
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