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Dollar General | Des Moines MSA | Absolute Net Lease | Immediate Access to/from IA-141

500 5th Ave, Coon Rapids (Des Moines MSA), IA 50058

Listing Price: $1,187,702

Cap Rate
6.00%
Tenant Name
Dollar General
Years Remaining On Lease
8.7
Gross SF
9,224
Guarantor
Corporate Guarantee
Rentable SF
9,224
Price/Gross SF
$128.76
Lease Type
Absolute Net
Rent Per Square Feet
$7.73

Investment Overview

Coon Rapids is a city in Carroll and Guthrie counties in the U.S. state of Iowa. The small portion of Coon Rapids that lies in Guthrie County is part of the Des Moines–West Des Moines Metropolitan Statistical Area. The Des Moines metropolitan area, officially known as the Des Moines–West Des Moines, IA Metropolitan Statistical Area (MSA) is located at the confluence of the Des Moines River and the Raccoon River. Des Moines serves as the capital of the U.S. state of Iowa. The Des Moines area is a fast-growing metro area. Des Moines is a major center of the US insurance industry and has a sizable financial services and publishing business base. The city was credited as the “number one spot for U.S. insurance companies” in a Business Wire article and named the third-largest “insurance capital” of the world. The city is the headquarters for the Principal Financial Group, Ruan Transportation, TMC Transportation, EMC Insurance Companies, and Wellmark Blue Cross Blue Shield. Other major corporations such as Wells Fargo, Cognizant, Voya Financial, Nationwide Mutual Insurance Company, ACE Limited, Marsh, Monsanto, and Corteva have large operations in or near the metropolitan area. In recent years, Microsoft, Hewlett-Packard, and Facebook have built data-processing and logistical facilities in the Des Moines area. The Des Moines area is home to 5 Fortune 1000 headquarters – 2021 rankings

Investment Highlights

  • Absolute Net Lease (Zero Landlord Obligations) Featuring 10% Rental Increases at Each Option.
  • Ranked #91 on the Fortune 500 List. Dollar General (NYSE: DG) Features Investment Grade Credit Rating "BBB" by S&P's and Annual Revenue Exceeding $34.22 Billion.
  • Features Easy Access and Excellent Visibility. Positioned Along one of the City's Main Roads and has Immediate Access to/from IA-141.
  • Limited Competition - Next Nearest Dollar General is more than 20 Miles away.

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s) IA: B63379000

    Iowa

Financing By

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Dollar General | Des Moines MSA | Absolute Net Lease | Immediate Access to/from IA-141

Listing Price: $1,187,702

Cap Rate
6.00%
Tenant Name
Dollar General
Years Remaining On Lease
8.7
Gross SF
9,224
Guarantor
Corporate Guarantee
Rentable SF
9,224
Price/Gross SF
$128.76
Lease Type
Absolute Net
Rent Per Square Feet
$7.73

Investment Highlights

  • Absolute Net Lease (Zero Landlord Obligations) Featuring 10% Rental Increases at Each Option.
  • Ranked #91 on the Fortune 500 List. Dollar General (NYSE: DG) Features Investment Grade Credit Rating "BBB" by S&P's and Annual Revenue Exceeding $34.22 Billion.
  • Features Easy Access and Excellent Visibility. Positioned Along one of the City's Main Roads and has Immediate Access to/from IA-141.
  • Limited Competition - Next Nearest Dollar General is more than 20 Miles away.

Investment Overview

Coon Rapids is a city in Carroll and Guthrie counties in the U.S. state of Iowa. The small portion of Coon Rapids that lies in Guthrie County is part of the Des Moines–West Des Moines Metropolitan Statistical Area. The Des Moines metropolitan area, officially known as the Des Moines–West Des Moines, IA Metropolitan Statistical Area (MSA) is located at the confluence of the Des Moines River and the Raccoon River. Des Moines serves as the capital of the U.S. state of Iowa. The Des Moines area is a fast-growing metro area. Des Moines is a major center of the US insurance industry and has a sizable financial services and publishing business base. The city was credited as the “number one spot for U.S. insurance companies” in a Business Wire article and named the third-largest “insurance capital” of the world. The city is the headquarters for the Principal Financial Group, Ruan Transportation, TMC Transportation, EMC Insurance Companies, and Wellmark Blue Cross Blue Shield. Other major corporations such as Wells Fargo, Cognizant, Voya Financial, Nationwide Mutual Insurance Company, ACE Limited, Marsh, Monsanto, and Corteva have large operations in or near the metropolitan area. In recent years, Microsoft, Hewlett-Packard, and Facebook have built data-processing and logistical facilities in the Des Moines area. The Des Moines area is home to 5 Fortune 1000 headquarters – 2021 rankings

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s): IA: B63379000

    Iowa

Financing By

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