Building Details

Year Built 2011

Tenancy Single

Listing Agency: Matthews

Listed By: Connor Olandt · License #CA 01985082

Source: Crexi

Added: Jun 3 Changed: Aug 29 Last Checked: Aug 29 at 8:08PM

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Investment Insights

Based on property information with market context.

This 9,020-square-foot retail property is associated with Dollar General and was constructed in 2011. The asset includes a recent lease extension and is located at 100 Southern Prairie Drive in Madrid, Iowa.

The property is offered with an 8% cap rate, providing a clearly defined income metric for evaluation. Its retail configuration and established national-brand occupancy make it suitable for review by buyers seeking a leased commercial asset.

Key Highlights

• 9,020‑square‑foot retail property
• Dollar General‑branded asset
• Constructed in 2011

Property Analytics

Property Profile

Current Use

Retail space

Suggested Use

Top Pick Real Estate Agency Building Supply Dental Office Auto Parts Store Auto Repair Shop Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

61

Businesses Nearby

6k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 89% Home Improvements & Furnishings 11%

Dollar General Shops & Services

4,877 visits/mo 0.1 miles

Madrid True Value Hardware and Rental, Authorized Ariens Dealer Home Improvements & Furnishings

633 visits/mo 0.2 miles

Demographics for 50156, IA

4,662

Population

1,896

Households

2.5

Avg Household Size

41

Median Age

30%

College-Educated

92%

High-School Grad

88.5 sq mi

ZIP Area

53

Density / Sq Mi

$97,298

Median Household Income

$53,350

Median Earnings

$865

Median Rent

$219,500

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

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Frequently Asked Questions

What type of property is this?

Retail space - Dollar General retail space with a recent lease extension and established commercial construction.

Where is this retail space located?

The property is located at 100 Southern Prairie Drive Madrid, IA.

What is the asking price?

The asking price for this property is $959,325.

What are key features of this property?

This property features: 9,020‑square‑foot retail property; Dollar General‑branded asset; Constructed in 2011