103 N 37th Rd Lake City, IA 51449

Listing agency Matthews

Listed by Brett Baumgartner · License #TX 701324

Source Crexi

Added: Apr 11 Updated: Jul 22 at 11:43PM Checked: Jul 22 at 11:43PM

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Investment Insights

Based on property information with market context.

This 2016 build-to-suit retail property is leased to Dollar General under an absolute NNN lease structure with zero landlord responsibilities. The initial lease term provides approximately 8.24 years remaining, and it includes five additional five-year renewal options with 10% rent increases. The lease is corporately guaranteed by Dollar General Corporation.

The property is located on a main thoroughfare in Lake City, Iowa.

From an operational standpoint, the asset is purpose-built for Dollar General and is supported by a fully corporate-guaranteed tenant commitment within the described NNN framework.

Key Highlights

• 2016 build‑to‑suit Dollar General property on an absolute NNN lease structure
• Remaining lease term of 8.24 years on an initial 15‑year lease
• Absolute NNN lease with zero landlord responsibilities

Property Analytics

Location Intelligence

FAQs

What type of property is this?

NNN property - Build-to-suit Dollar General property on an absolute NNN structure with long-term remaining lease term.

Where is this nnn property located?

The property is located at 103 N 37th Rd Lake City, IA.

What are key features of this property?

This property features: 2016 build‑to‑suit Dollar General property on an absolute NNN lease structure; Remaining lease term of 8.24 years on an initial 15‑year lease; Absolute NNN lease with zero landlord responsibilities