Discount
New 10-Year Lease Dollar General | 2022 Renovation | Des Moines, IA
3261 E Euclid Ave, Des Moines, IA 50317
Listing Price: $1,303,278
Cap Rate
6.10%
Tenant Name
Dollar General
Years Remaining On Lease
9.7
Guarantor
Corporate Guarantee
Rentable SF
8,054
Lease Type
Double Net
Rent Per Square Feet
$10.06
Investment Overview
Marcus & Millichap is pleased to bring to market the Dollar General located in Des Moines, IA.
New 10-Year Lease Dollar General | 2022 Renovation | Des Moines, IA
Investment Highlights
- New 10-Year Corporately Guaranteed Lease | Former Family Dollar Location was Renovated in 2022 for Dollar General
- Double Net Lease | Landlord Responsible for Roof and Structure, Tenant Reimburses for CAM Expenses
- Rent Increases in Each Option | Five, Five Year Renewal Options with 10% Increases In Each Option
- Located Along Euclid Avenue Seeing 14,140+ VPD Near a Dense Industrial and Retail Corridor
- Situated Next to McDonald's and Outparcel to a Shopping Center Just off of I-235 (55,600 VPD)
- Strong Demographics: Population of 127,400+ Within 5-Miles | Population is Projected to Grow by 5.5% In 2026
Broker of Record
Financing By
Discount
New 10-Year Lease Dollar General | 2022 Renovation | Des Moines, IA
Listing Price: $1,303,278
Cap Rate
6.10%
Tenant Name
Dollar General
Years Remaining On Lease
9.7
Guarantor
Corporate Guarantee
Rentable SF
8,054
Lease Type
Double Net
Rent Per Square Feet
$10.06
Investment Highlights
- New 10-Year Corporately Guaranteed Lease | Former Family Dollar Location was Renovated in 2022 for Dollar General
- Double Net Lease | Landlord Responsible for Roof and Structure, Tenant Reimburses for CAM Expenses
- Rent Increases in Each Option | Five, Five Year Renewal Options with 10% Increases In Each Option
- Located Along Euclid Avenue Seeing 14,140+ VPD Near a Dense Industrial and Retail Corridor
- Situated Next to McDonald's and Outparcel to a Shopping Center Just off of I-235 (55,600 VPD)
- Strong Demographics: Population of 127,400+ Within 5-Miles | Population is Projected to Grow by 5.5% In 2026
Investment Overview
Marcus & Millichap is pleased to bring to market the Dollar General located in Des Moines, IA.
Broker of Record
Financing By
