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33264246
33264245

307 Center Avenue South, Mitchellville, IA 50169

CO
CA 01985082
Matthews
MC
CA 02151705
Matthews
Listed by Matthews
$971,501
1 day on market
Updated 1 day ago

Dollar General

Details
Property Type Retail
Square Footage 9,026
Cap Rate 8.00%
NOI $77,720
Remaining Term 5
Price per SqFt $107
Year Built 2011
Acreage 1.290
Ground Lease No

Investment-Grade Dollar General With 8% Cap Rate Near Des Moines

Investment highlights

• Dollar General recently exercised an early five-year lease extension, demonstrating a strong commitment to this location.

• Attractive 8% return on a stabilized investment-grade credit tenant.

• Close proximity to Adventureland Resort, Prairie Meadows Racetrack and Casino, and Iowa Speedway — three major regional attractions that generate consistent consumer traffic and support surrounding retail demand.

• Mitchellville, IA is located less than 20 miles from Des Moines, the state capital and largest metropolitan area, with a population exceeding 212,000.

• Minimal competition — the nearest national dollar-store competitor is 8+ miles away.

• 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

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
$77,720.00
$6,476.67/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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