Listed by Matthews
$513,333
DOLLAR GENERAL | LISBON, IA
Details
Property Type Retail
Sub Type Convenience Store, QSR/Fast Food
Square Footage 8,125
Net Rentable (SqFt) 8,125
Cap Rate 9.00%
NOI $44,700
Tenancy Single
Brand/Tenant Dollar General, Dollar Store
Lease Expiration 07/31/2036
Remaining Term 5
Price per SqFt $63
Year Built 2004
Acreage 1.040
Tenant Credit Credit Rated
Ground Lease No
9% Cap Rate | Ranked 72% Percentile in Iowa (AlphaMaps)
Investment highlights
• Attractive 9% return on a stabilized investment-grade credit.
• Dollar General has occupied this store for over 20 years and recently exercised a five-year lease renewal option, demonstrating a strong commitment to this location.
• According to AlphaMaps, this store is ranked in the 72nd percentile in Iowa, placing it above average.
• 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 ±$20 billion
Listing Contacts
Listed by Matthews
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$44,700.00
$3,725.00/mo
Valuation Metrics
0
DSCR
8.71%
Cap Rate
8.71%
ROI
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