307 Center Ave S - Freestanding FOR SALE
Mitchellville, IA 50169 |
$971,501 USD
818-618-4522
307 Center Ave S
Mitchellville, IA 50169
HIGHLIGHTS
- Dollar General recently exercised an early five-year lease extension, demonstrating a strong commitment to this location
- Attractive 8% return on a stabilized investment-grade credit tenant
- Close proximity to Adventureland Resort, Prairie Meadows Racetrack and Casino, and Iowa Speedway
- Mitchellville, IA is located less than 20 miles from Des Moines, the state capital and largest metropolitan area
- Minimal competition — the nearest national dollar-store competitor is 8+ miles away
- Dollar General boasts an investment-grade credit rating of BBB (S&P)
FOR SALE DETAILS
PRICE
$971,501 USD
PRICE/SF
$108 USD /SF
CAP RATE
8%
% 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
2011
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
1 AC
LAND SF
43,560 SF
ZONING
C-2
APN/PARCEL ID
141-00041007001
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818-618-4522
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818-618-4522
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