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Dollar General 1609 German Ave

9,100 SF Retail Building Holstein, IA 51025 £854,025 (£94/SF) 8.25% Net Initial Yield

INVESTMENT HIGHLIGHTS

  • Minimal competition as the closest national Dollar Store chain is over 10 miles from the subject property.
  • Holstein, IA is ±45 miles east of Sioux City, IA
  • Dollar General has ±19,600 locations and plans to continue their expansion for the foreseeable future
  • Situated along US-59, directly across the street from Holstein Country Club and next to Dunkin’ Donuts & Cobblestone Inn.
  • Dollar General boasts an investment grade credit rating of BBB (S&P)
  • Dollar General has a market cap of ±$30 billion

EXECUTIVE SUMMARY

Adam Marek
License No. F03991000 (IA)
(866) 889-0550
Pacific Realty Commercial, LLC
11516 Miracle Hills Dr. Ste #400 Omaha,
NE 68154

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Retail
Building Size
9,100 SF
Building Class
C
Year Built
2017
Price
£854,025
Price Per SF
£94
Net Initial Yield
8.25%
NOI
£70,457
Tenancy
Single
Number of Floors
1
Building FAR
0.05
Lot Size
3.81 AC

AMENITIES

  • Signage

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
5380105B
Land Assessment
£92,845
Improvements Assessment
£440,198
Total Assessment
£533,043
  • Listing ID: 32748645

  • Date on Market: 09/08/2024

  • Last Updated:

  • Address: 1609 German Ave, Holstein, IA 51025

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