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33866799
33866800

TBD Hwy 175 / 4th Street, Gowrie, IA 50543

BB
OH BRK.200900214, WV B200300608 (+21)
Bang Realty
Listed by Bang Realty
$2,017,550
7 days on market
Updated 7 days ago

Dollar General - Gowrie IA

Details
Property Type Retail
Sub Type Convenience Store
Square Footage 9,100
Cap Rate 6.80%
NOI $137,193
Tenancy Single
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 10/31/2041
Rent Bumps Yes
Lease Options Five (5), 5-Year; 5%
Price per SqFt $222
Year Built 2026
Acreage 1.950
Investment Type Net Lease
Tenant Credit Credit Rated
Lease Commencement 10/03/2026
Ownership Fee Simple

Retail | 6.80% CAP | 9,100 SqFt

Marketing description

Known as America's neighborhood store, Dollar General is one of the nation's largest discount retailers. The stores offer products from food, health and beauty, houseware, and more from popular brands at everyday low prices. The store is also known for their convenient locations, often catering to customers in rural or suburban areas. The company has been committed to its mission of Serving Others since 1939, and continues to prioritize value and convenience.

Dollar General proudly boasts a strong commitment to community engagement, fostering robust connections with the areas it operates in. Through consistent support for local initiatives and charities, Dollar General endeavors to make a meaningful, positive impact in the neighborhoods surrounding its stores. This dedication to being a responsible corporate entity underscores Dollar General's philosophy of being more than just a retail establishment - it is about being an active and caring participant in the communities that have warmly embraced the brand. As Dollar General continues to grow and expand, this commitment remains at the core, affirming that being a good neighbor is an intrinsic part of their business model, just as much as offering quality products at unbeatable prices.

Investment highlights

  • 2026 Development Dollar General in Gowrie, IA - Rent Set to Commence October 2026
  • Absolute NNN Lease – Zero Landlord Responsibilities
  • Built-In 5% Rent Increase Every 5 Years Throughout Primary Term and Options
  • Large 1.95-Acre Hard Corner Lot at the Intersection of Hwy 175 and 4th St
  • Limited Retail Competition - the Only Dollar Store Within 10 Miles
  • Affluent Community With an Average Household Income of Over $103k Within 5-Mile Radius of the Subject Asset
  • Backed by Dollar General's Corporate Guarantee, an Investment-Grade Retailer Operating Over 21,000 Locations Nationwide

Listing Contacts

BB
OH BRK.200900214, WV B200300608 (+21)
Bang Realty
Listed by Bang Realty

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$137,193.00
$11,432.75/mo

Valuation Metrics

0
DSCR
6.8%
Cap Rate
6.8%
ROI

Map

Zoning

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A-1 AgricultureAgricultural Preservation
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Last updated Mar 9, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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