$375,000
$475,000
21.1%For more information regarding the value of a property, please contact us for a free consultation.
0.63 Acres Lot
SOLD DATE : 02/13/2025
Key Details
Sold Price $375,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 708224
Sold Date 02/13/25
HOA Y/N No
Year Built 1984
Annual Tax Amount $7,914
Tax Year 2023
Lot Size 0.630 Acres
Acres 0.63
Property Description
Dollar General has been in place since November of 2001. Current lease runs through 10/31/2028 with (1) additional 5-year renewal through 10/31/2033. Landlord is responsible for all structural building components and HVAC replacement. Dollar General reimburses for real estate taxes, property insurance, parking lot maintenance and snow removal. Dollar General is also responsible glass, interior maintenance and upkeep as well as minor repairs and maintenance to HVAC. NOI is $37,100 resulting in a 7.81% cap rate. See documents for lease terms.
Property is a high quality free-standing concrete block commercial building leased to Dollar General. Eave height is 17'. Roof is pre-engineered steel frame with a metal cover and rubber seal. Property is 100% sprinkled and 100% climate controlled with rooftop HVAC unit. Electrical service is ample with 1,200 Amp 3-Phase Service. There is a loading dock with 8' x 8' dock door and 528 SF truck well.
Location
State IA
County Greene
Area Jefferson
Zoning CBC
Interior
Heating Natural Gas, See Remarks
Cooling See Remarks
Fireplace No
Exterior
Community Features Sidewalks
Roof Type Metal,Rubber
Private Pool No
Building
Lot Description Rectangular Lot
Foundation Block, Poured
Sewer Public Sewer
Water Public
Schools
School District Greene County
Others
Tax ID 1108194006
Monthly Total Fees $659
Acceptable Financing Conventional
Listing Terms Conventional
Financing Cash
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Bought with Platinum Realty LLC
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