Dollar General NNN Property For Sale — Mitchellville, IA
307 Center Ave S, Mitchellville, IA 50169
This Dollar General property offers an attractive investment opportunity with a strong commitment from the tenant, evidenced by an early five-year lease extension. Located in Mitchellville, IA, less than 20 miles from Des Moines, this property benefits from proximity to major regional attractions including Adventureland Resort, Prairie Meadows Racetrack and Casino, and Iowa Speedway, which drive consistent consumer traffic. The area exhibits minimal competition, with the nearest national dollar-store competitor over 8 miles away. Dollar General holds an investment-grade credit rating of BBB (S&P) and has a substantial presence with approximately 20,000 locations and plans for continued expansion. The company has demonstrated resilience as an essential retailer, maintaining profitability t…
- Address: 307 Center Ave S, Mitchellville, IA 50169
- Asking price $971,501
- 8.00% cap rate
- NOI $77,720
- 5 years remaining
- NNN lease
- Year built: 2011
- Building size: 9,026 SF
- Lot size: 1.29 acres
- Lease expiration: Jun 30, 2031
- Rent increases: 07/01/2031-06/30/2036: $85,491.96 (10% increase); 07/01/2036-06/30/2041: $94,041.00 (10% increase); 07/01//2041-06/30/2046: $103,445.04 (10% increase); 07/01/2046-06/30/2051: $113,790.00 (10% increase); …
- Guarantor: Corporate
Location
This Dollar General property is at 307 Center Ave S in Mitchellville, Iowa.
Asset type: Retail