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33260284
33260285

2192 332nd Street, North English, IA 52316

CO
CA 01985082
Matthews
MC
CA 02151705
Matthews
Listed by Matthews
$1,061,870
22 days on market
Updated 16 days ago

DOLLAR GENERAL (NNN) | NORTH ENGLISH, IA

Details
Property Type Retail
Sub Type Convenience Store, QSR/Fast Food (+1)
Square Footage 9,184
Net Rentable (SqFt) 9,100
Cap Rate 8.00%
NOI $84,949
Tenancy Single
Brand/Tenant Dollar General, Dollar Store
Lease Type Absolute NNN
Lease Expiration 06/30/2032
Remaining Term 6
Rent Bumps Yes
Lease Options Three, 5-Year
Price per SqFt $115
Year Built 2017
Acreage 2.000
Investment Type Net Lease
Tenant Credit Credit Rated
Ground Lease No

8% Cap Rate | 2017 BTS Construction

Investment highlights

• Attractive 8% return on a 2017 build-to-suit construction Dollar General with stabilized investment-grade credit.

• Close proximity to Lake Iowa Park, an 83-acre recreational destination featuring an 18-hole disc golf course, as well as Old Man's Creek Winery, two of the area's primary tourism and leisure attractions.

• Strategically positioned at the hard corner of 332nd Street and M Avenue, providing strong visibility and access along the primary route into North English, Iowa.

• Minimal competition — the nearest national dollar-store competitor is ±14 miles away, allowing Dollar General to maintain a dominant retail presence within the surrounding trade area.

• Dollar General boasts an investment-grade credit rating of BBB (S&P).

• Dollar General has ±20,000 locations and plans to continue their expansion for the foreseeable future.

• Dollar General has been considered an essential retailer and has proven to be one of the most profitable companies through the COVID-19 pandemic.

• Dollar General has a market cap of ±$23 billion

Listing Contacts

CO
CA 01985082
Matthews
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
$84,949.00
$7,079.08/mo

Valuation Metrics

0
DSCR
8%
Cap Rate
8%
ROI

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Additional Information

Name
Adam Marek
License
S44830000, F03991000 (IA)
Brokerage
Pacific Realty Commercial, LLC
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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