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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.

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

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s) IA: B63379000

    Iowa

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

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s): IA: B63379000

    Iowa

Financing By

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