200 E South St - Freestanding FOR SALE


Mount Ayr, IA 50854
$612,828 USD
515-314-1715
200 E South St, Mount Ayr, IA for Sale
$612,828 USD
Freestanding - FOR SALE
1/3
null | 7.25% Cap Rate

200 E South St
Mount Ayr, IA 50854


HIGHLIGHTS

  • Roof sealing (2024) & recent parking lot improvements
  • (2) 5-year extension options remaining at 10% increases
  • Part of National Insurance Program (Tenant pays insurance directly)
  • Dollar General responsible for minor repairs less than $1000 per occurrence

OVERVIEW

The subject property is a freestanding 7,200 SF building in Mount Ayr, Iowa. The property is ideally situated along Hwy-169 in the center of town. Dollar General has occupied the space since it was built in 2002. The store recently extended its lease for an additional 6 years, thus showing a strong commitment to the location.

FOR SALE DETAILS

PRICE

$612,828 USD

PRICE/SF

$85 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2002

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.76 AC

LAND SF

33,106 SF

ZONING

Commercial

APN/PARCEL ID

006421

ASK ABOUT THIS PROPERTY

David EckleyCBREMore Info
515-314-1715

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David EckleyCBREMore Info
515-314-1715

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.