801 Laurel St - Storefront FOR SALE


Creston, IA 50801
$1,200,000 USD
612-432-9935
801 Laurel St, Creston, IA for Sale
$1,200,000 USD
Storefront - FOR SALE
1/5
null | 7.5% Cap Rate

801 Laurel St
Creston, IA 50801


HIGHLIGHTS

  • The property is a Walmart shadow anchored site and benefits from significant crossover traffic generated by one of the most powerful retail anchors.
  • A new lease extension through August, 2031 has been executed by Dollar Tree, demonstrating a strong commitment to the location.
  • The property is strategically positioned in a dense retail trade area with a strong concentration of national & regional retailers including Walmart.
  • Minimal landlord responsibilities as the tenant is responsible for everything except roof and structure, delivering a near-passive ownership.
  • 2016 construction situated on a generous 1.54-acre parcel with ample parking and strong visibility along Laurel Street in Creston, IA.
  • Corporate guaranteed lease backed by Dollar Tree Stores, Inc. (NASDAQ: DLTR), one of the largest discount retailers in the United States.

OVERVIEW

We are pleased to exclusively offer for sale the 8,000 SF Dollar Tree located at 801 Laurel Street in Creston, IA. This deal includes a Double Net (NN) Dollar Tree with minimal landlord responsibilities. The property is shadow anchored by Walmart and backed by a corporate guarantee from Dollar Tree stores, Inc. Dollar Tree recently executed a new lease extension, demonstrating a strong commitment to the location and providing additional confidence in the long-term income stream. In Cooperation With Sands Investment Group Illinois, LLC – Lic. #481013714 BoR: Andrew Ackerman – Lic. IL #471021429 In Association with Scott Reid & ParaSell, Inc. | Costa Mesa, California | A Licensed Iowa Broker #F06134000 and a Licensed Wisconsin Broker #938545-91 | Licensed in AL, AR, AZ, CA, CO, CT, DC, FL, GA, ID, IL, IA, IN, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$150 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar Tree - Creston, IA

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Storefront Retail/Office, Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2016

SPRINKLERS

-

PARKING SPACES

12

LAND DETAILS

LAND ACRES

1.54 AC

LAND SF

67,082 SF

ZONING

Commercial

APN/PARCEL ID

0512304030

ASK ABOUT THIS PROPERTY

Evan BeesonSands Investment GroupMore Info
612-432-9935

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Evan BeesonSands Investment GroupMore Info
612-432-9935

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