103 N 37th Rd - Freestanding FOR SALE
Lake City, IA 51449 |
$1,230,733 USD
214-692-2927
103 N 37th Rd
Lake City, IA 51449
HIGHLIGHTS
- ±13.25-years remaining on an ABS NNN lease with ZERO landlord responsibilities
- Dollar General signed a brand new 15 year lease in 2023 proving their commitment to this location
- 5% rental increases every 5 years, including in the five, 5 year options
- Limited competition with the nearest dollar store located over ±15 miles away
- Strong average household income of $76,126 (5 mile)
- Dollar General boasts an investment grade credit rating of BBB (S&P)
FOR SALE DETAILS
PRICE
$1,230,733 USD
PRICE/SF
$135 USD /SF
CAP RATE
6.6%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Dollar General
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2016
SPRINKLERS
-
PARKING SPACES
28
LAND DETAILS
LAND ACRES
1.55 AC
LAND SF
67,518 SF
ZONING
-
APN/PARCEL ID
863412476013
ASK ABOUT THIS PROPERTY
Please correct the highlighted field(s).
214-692-2927
By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.
Please correct the highlighted field(s).
214-692-2927
By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.
