Discount
Dollar General
3261 E Euclid Ave, Des Moines, IA 50317
Listing Price: $1,300,000
Cap Rate
6.10%
Tenant Name
Dollar General
Years Remaining On Lease
6.4
Guarantor
Corporate Guarantee
Rentable SF
8,064
Lease Type
Double Net
Rent Per Square Feet
$9.85
Investment Overview
This investment is being offered at $1,300,000
Dollar General
Investment Highlights
- NN Lease with 6.5 Years Remaining - Former Family Dollar Converted to DG in 2022
- 2025 Total Assessed Value According to Polk County Assessor (Building and Land) is $1,390,000
- Landlord is Responsible for Roof, Structure and Parking Lot Replacement
- Located Less Than Six Miles from Downtown Des Moines
- Store is Positioned Directly Next Door to McDonald's and on a Dense Retail Corridor with Other National Tenants Including Goodwill, Little Caesars, Wendy's, KFC, Subway, Walgreens, Bank of America, Wells Fargo as well as Other Local and Medical Tenants and a Strong Industrial Presence
- Store is Ranked Top 20% in the State of Iowa (Placer.ai)
- Infill Location and More Than 127,000 People Within a Five Mile Radius
- Tenant is Responsible for HVAC Repair and Replacement, as well as Snow $Ice Removal
Broker of Record
Listing Price: $1,300,000
Cap Rate
6.10%
Tenant Name
Dollar General
Years Remaining On Lease
6.4
Guarantor
Corporate Guarantee
Rentable SF
8,064
Lease Type
Double Net
Rent Per Square Feet
$9.85
Investment Highlights
- NN Lease with 6.5 Years Remaining - Former Family Dollar Converted to DG in 2022
- 2025 Total Assessed Value According to Polk County Assessor (Building and Land) is $1,390,000
- Landlord is Responsible for Roof, Structure and Parking Lot Replacement
- Located Less Than Six Miles from Downtown Des Moines
- Store is Positioned Directly Next Door to McDonald's and on a Dense Retail Corridor with Other National Tenants Including Goodwill, Little Caesars, Wendy's, KFC, Subway, Walgreens, Bank of America, Wells Fargo as well as Other Local and Medical Tenants and a Strong Industrial Presence
- Store is Ranked Top 20% in the State of Iowa (Placer.ai)
- Infill Location and More Than 127,000 People Within a Five Mile Radius
- Tenant is Responsible for HVAC Repair and Replacement, as well as Snow $Ice Removal
Investment Overview
This investment is being offered at $1,300,000
Broker of Record
To view property details and documents, sign up for a free MyMMI account.
Explore exclusive listings, access research insights, and set up automated alerts for a personalized experience. Sign up now to elevate your property search.
