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Dollar General

703 W Taylor St, Creston, IA 50801

Listing Price: $450,000

Cap Rate
8.88%
Tenant Name
Dollar General
Years Remaining On Lease
5.0
Gross SF
10,352
Guarantor
Corporate Guarantee
Rentable SF
10,352
Price/Gross SF
$43.47
Lease Type
Gross Lease
Rent Per Square Feet
$5.40

Investment Overview

Marcus & Millichap is pleased to present for sale the Dollar General located at 703 W Taylor St. in Creston, Iowa. The 10,352-square-foot retail property is situated on 1.31 acres along Creston's established primary commercial corridor. Dollar General has operated continuously at the property since 1995 and recently completed a significant store renovation in 2024. Additional capital improvements include a new concrete parking lot installed in 2021 and a roof replacement completed in 2012. Dollar General recently exercised a five-year lease option, extending its commitment to the property through 2031.

Creston, with approximately 7,500 residents, serves as the county seat of Union County and functions as a regional hub for southwest Iowa. The city's strategic location between Des Moines and Council Bluffs supports a broad trade area serving retail, healthcare, education, industrial, and service needs throughout the surrounding communities. The property is strategically positioned within Creston's primary retail corridor and benefits from proximity to Walmart, Tractor Supply Co., McDonald's, Starbucks, Maurices, Scooter's Coffee, and other national retailers. The combination of a long-standing Dollar General operating history, recent lease extension, substantial recent improvements, and strong surrounding retail presence provides investors with a durable single-tenant retail investment.

Investment Highlights

  • 31-Year Operating History: Dollar General has Operated Continuously at the Property Since 1995
  • Recently Renovated: The Store Underwent a Significant Renovation in 2024
  • New Concrete Parking Lot: A New Concrete Parking Lot was Installed in 2021
  • New Five-Year Lease Term: Dollar General Recently Exercised a Five-Year Renewal Option, Extending the Lease through 2031
  • Prime Retail Corridor: Located along Creston's Primary Commercial Corridor with Nearby National Retailers including Walmart, Tractor Supply Co., McDonald's, Starbucks, Maurices, Scooter's Coffee and More

Broker of Record

  • Jon Ruzicka

    Senior Managing Director Investments

    (952) 852-9700

    License(s) IA: B63379000

    Iowa

Discount

Dollar General

Listing Price: $450,000

Cap Rate
8.88%
Tenant Name
Dollar General
Years Remaining On Lease
5.0
Gross SF
10,352
Guarantor
Corporate Guarantee
Rentable SF
10,352
Price/Gross SF
$43.47
Lease Type
Gross Lease
Rent Per Square Feet
$5.40

Investment Highlights

  • 31-Year Operating History: Dollar General has Operated Continuously at the Property Since 1995
  • Recently Renovated: The Store Underwent a Significant Renovation in 2024
  • New Concrete Parking Lot: A New Concrete Parking Lot was Installed in 2021
  • New Five-Year Lease Term: Dollar General Recently Exercised a Five-Year Renewal Option, Extending the Lease through 2031
  • Prime Retail Corridor: Located along Creston's Primary Commercial Corridor with Nearby National Retailers including Walmart, Tractor Supply Co., McDonald's, Starbucks, Maurices, Scooter's Coffee and More

Investment Overview

Marcus & Millichap is pleased to present for sale the Dollar General located at 703 W Taylor St. in Creston, Iowa. The 10,352-square-foot retail property is situated on 1.31 acres along Creston's established primary commercial corridor. Dollar General has operated continuously at the property since 1995 and recently completed a significant store renovation in 2024. Additional capital improvements include a new concrete parking lot installed in 2021 and a roof replacement completed in 2012. Dollar General recently exercised a five-year lease option, extending its commitment to the property through 2031. Creston, with approximately 7,500 residents, serves as the county seat of Union County and functions as a regional hub for southwest Iowa. The city's strategic location between Des Moines and Council Bluffs supports a broad trade area serving retail, healthcare, education, industrial, and service needs throughout the surrounding communities. The property is strategically positioned within Creston's primary retail corridor and benefits from proximity to Walmart, Tractor Supply Co., McDonald's, Starbucks, Maurices, Scooter's Coffee, and other national retailers. The combination of a long-standing Dollar General operating history, recent lease extension, substantial recent improvements, and strong surrounding retail presence provides investors with a durable single-tenant retail investment.

Broker of Record

  • Jon Ruzicka

    Senior Managing Director Investments

    (952) 852-9700

    License(s): IA: B63379000

    Iowa

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