Retail Space /IA /Grundy County /Grundy Center /2009 Commerce Dr
Retail Space /IA /Grundy County /Grundy Center /2009 Commerce Dr

2009 Commerce Dr - Retail FOR SALE


Grundy Center, IA 50638 | 
$620,690 USD
515-314-1715
2009 Commerce Dr, Grundy Center, IA for Sale
$620,690 USD
Retail - FOR SALE
1/3
null | 7.25% Cap Rate
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2009 Commerce Dr
Grundy Center, IA 50638

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HIGHLIGHTS

  • Interior remodel (2024) & recent parking lot repair work
  • (2) 5-year extension options remaining at $3,000 increases
  • Part of National Insurance Program (Tenant pays insurance directly)
  • Dollar General responsible for minor repairs less than $1000 per occurrence
  • Dollar General reimburses in full for taxes

OVERVIEW

The subject property is a freestanding 9,014 SF building in Grundy Center, Iowa. The property is ideally situated along Hwy-14 on the western edge of town. Dollar General has occupied the space since it was built in 2004. The store completed an interior remodel in 2024 and extended its lease, thus showing a strong commitment to the location.

FOR SALE DETAILS

PRICE

$620,690 USD

PRICE/SF

$69 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.83 AC

LAND SF

35,981 SF

ZONING

Commercial

APN/PARCEL ID

871711426004

ASK ABOUT THIS PROPERTY

David EckleyCBREMore Info
515-314-1715

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David EckleyCBREMore Info
515-314-1715

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