Discount
Dollar General | Triple Net Lease | Limited Competition in Area
151 IA-21, Dysart, IA 52224
Listing Price: $1,186,000
Cap Rate
6.75%
Tenant Name
Dollar General
Years Remaining On Lease
9.9
Guarantor
Corporate Guarantee
Rentable SF
9,100
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$8.79
Investment Overview
Marcus & Millichap is pleased to present the offering for Dollar General in Dysart, IA.
Dollar General | Triple Net Lease | Limited Competition in Area
Investment Highlights
- SINGLE TENANT DOLLAR GENERAL LOCATION: 9,100-SF on a large 2.00-acre lot with 25 parking spaces
- TRIPLE NET LEASE: 2022 construction with over 10 years remaining on the original NNN lease. No landlord responsibilities
- RENTAL INCREASES IN EACH OPTION: 10% rental increases in each of four, 5-year renewal options
- CORPORATE GUARANTEE: Lease is guaranteed by Dollar General, with over 20,000 locations across 48 states.
- FEE SIMPLE OWNERSHIP: Provides the buyer with the highest form of real estate ownership and absolute control over the asset.
- HIGH VISIBILITY LOCATION: Property features Lighted pylon sign and easy access from both traffic directions. Adjacent to Casey's gas station.
- LIMITED COMPETITION IN AREA: Closest dollar store location is 15 miles away in both directions.
- STABLE TRAFFIC CORRIDOR: Located along Iowa Highway 21 seeing 2,050 vehicles per day (VPD). Daily traffic along this highway is higher than the population within 5 miles.
Broker of Record
Discount
Dollar General | Triple Net Lease | Limited Competition in Area
Listing Price: $1,186,000
Cap Rate
6.75%
Tenant Name
Dollar General
Years Remaining On Lease
9.9
Guarantor
Corporate Guarantee
Rentable SF
9,100
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$8.79
Investment Highlights
- SINGLE TENANT DOLLAR GENERAL LOCATION: 9,100-SF on a large 2.00-acre lot with 25 parking spaces
- TRIPLE NET LEASE: 2022 construction with over 10 years remaining on the original NNN lease. No landlord responsibilities
- RENTAL INCREASES IN EACH OPTION: 10% rental increases in each of four, 5-year renewal options
- CORPORATE GUARANTEE: Lease is guaranteed by Dollar General, with over 20,000 locations across 48 states.
- FEE SIMPLE OWNERSHIP: Provides the buyer with the highest form of real estate ownership and absolute control over the asset.
- HIGH VISIBILITY LOCATION: Property features Lighted pylon sign and easy access from both traffic directions. Adjacent to Casey's gas station.
- LIMITED COMPETITION IN AREA: Closest dollar store location is 15 miles away in both directions.
- STABLE TRAFFIC CORRIDOR: Located along Iowa Highway 21 seeing 2,050 vehicles per day (VPD). Daily traffic along this highway is higher than the population within 5 miles.
Investment Overview
Marcus & Millichap is pleased to present the offering for Dollar General in Dysart, IA.
Broker of Record
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