Family Dollar Tree | 4.93 AC Site | 605 W State Highway 175
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Family Dollar Tree | 4.93 AC Site 605 W State Highway 175
14,500 SF Retail Building Ida Grove, IA 51445 £997,624 (£69/SF) 7.74% Net Initial Yield
Investment Highlights
- Investment Grade Tenant
- Adjacent to 350,000 SF Manufacturing Complex
- 9 Year Corporate Lease
- Near Sioux City, IA | 4th Largest City in IA
Executive Summary
INVESTMENT GRADE TENANT
• Dollar Tree/Family Dollar is a publicly traded (NYSE: DLTR) Fortune 500 company with an S&P investment grade credit rating of BBB.
• Dollar Tree/Family Dollar operate 16,340+ stores across 48 states and five Canadian provinces.
• Dollar Tree has been in business for 70 years and has a current net worth of over $33 billion.
9 YEAR CORPORATE LEASE
• Dollar Tree renovated & backfilled a former hardware store and signed a new 10 year lease that commenced in May 2023.
• There are 9 years left on a 10-year corporate guaranteed NN Lease with Dollar Tree.
• Tenant is responsible for routine parking lot maintenance and repair including restriping. Tenant is also responsible for Landscaping, HVAC, Insurance, Taxes, and Utilities.
• The Landlord responsibilities include Roof, Structure and Parking Lot.
• The rent increases $0.50/SF in each of the Five, 5-year option periods.
ADJACENT TO 350,000 SF MANUFACTURING COMPLEX
• The subject property is adjacent to Midwest Industries, a 350K SF manufacturing complex that sits on 15 AC and has over 300 employees.
• Other manufacturing facilities within 1 mile include Gomaco Corp., Hawkeye Fabrication Inc., Wurth Industries and more.
• Horn Memorial Hospital is 1 mile away and has over 200 full time employees.
NEAR SIOUX CITY, IA | 4TH LARGEST CITY IN IA
• The subject property is located 1 hour east of Sioux City in Ida Grove, IA.
• Sioux City is located in the northwestern part of the state and is the fourth largest city in IA with an MSA population of 149,940.
• Sioux City is at the navigational head, or the furthest upstream point to which general cargo ships can travel, of the Missouri River.
• There are 6 colleges located in Sioux City and 33 within 100 miles enrolling a total of 105,248 students.
• Sioux Gateway Airport serves both domestic and international flights and welcomes over 200,000 passengers annually.
• National Retailers in Sioux City include Target, Lowe’s Home Improvement, Home Depot, Hobby Lobby, Sam’s Club and more.
• Dollar Tree/Family Dollar is a publicly traded (NYSE: DLTR) Fortune 500 company with an S&P investment grade credit rating of BBB.
• Dollar Tree/Family Dollar operate 16,340+ stores across 48 states and five Canadian provinces.
• Dollar Tree has been in business for 70 years and has a current net worth of over $33 billion.
9 YEAR CORPORATE LEASE
• Dollar Tree renovated & backfilled a former hardware store and signed a new 10 year lease that commenced in May 2023.
• There are 9 years left on a 10-year corporate guaranteed NN Lease with Dollar Tree.
• Tenant is responsible for routine parking lot maintenance and repair including restriping. Tenant is also responsible for Landscaping, HVAC, Insurance, Taxes, and Utilities.
• The Landlord responsibilities include Roof, Structure and Parking Lot.
• The rent increases $0.50/SF in each of the Five, 5-year option periods.
ADJACENT TO 350,000 SF MANUFACTURING COMPLEX
• The subject property is adjacent to Midwest Industries, a 350K SF manufacturing complex that sits on 15 AC and has over 300 employees.
• Other manufacturing facilities within 1 mile include Gomaco Corp., Hawkeye Fabrication Inc., Wurth Industries and more.
• Horn Memorial Hospital is 1 mile away and has over 200 full time employees.
NEAR SIOUX CITY, IA | 4TH LARGEST CITY IN IA
• The subject property is located 1 hour east of Sioux City in Ida Grove, IA.
• Sioux City is located in the northwestern part of the state and is the fourth largest city in IA with an MSA population of 149,940.
• Sioux City is at the navigational head, or the furthest upstream point to which general cargo ships can travel, of the Missouri River.
• There are 6 colleges located in Sioux City and 33 within 100 miles enrolling a total of 105,248 students.
• Sioux Gateway Airport serves both domestic and international flights and welcomes over 200,000 passengers annually.
• National Retailers in Sioux City include Target, Lowe’s Home Improvement, Home Depot, Hobby Lobby, Sam’s Club and more.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Convenience Store
Building Size
14,500 SF
Building Class
C
Year Built
2023
Price
£997,624
Price Per SF
£69
Net Initial Yield
7.74%
NOI
£77,263
Tenancy
Single
Number of Floors
1
Building FAR
0.34
Lot Size
0.98 AC
Opportunity Zone
Yes
Zoning
C - Commercial
Frontage
221 ft on State Hwy 59
Amenities
- Pylon Sign
- Wheelchair Accessible
PROPERTY TAXES
| Parcel Number | 18-06-1469 | Improvements Assessment | £364,731 |
| Land Assessment | £48,402 | Total Assessment | £413,134 |
PROPERTY TAXES
Parcel Number
18-06-1469
Land Assessment
£48,402
Improvements Assessment
£364,731
Total Assessment
£413,134
1 of 4
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Family Dollar Tree | 4.93 AC Site | 605 W State Highway 175
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.