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    410 E High St Rockwell City, IA 50579

    For Sale
    $648,000

    9,014 SF Dollar General on 1.09 acres in Iowa.

    Property size:
    9,014 SF
    Lot size:
    1.09 Acres

    Property Features for 410 E High St

    General Information

    Size
    9,014 SF
    Lot size
    1.09 Acres

    Source: CBRE Agent Michael A Smith

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Freestanding Dollar General Investment Property

    The subject property is a 9,014 square foot freestanding building situated on 1.09 acres on the east side of Rockwell City, Iowa. Constructed in 2004, the property is located on High Street/240th Street, just south of Highway 20, a main east-west highway in central Iowa. The property has been occupied by Dollar General since its construction. The property is secured with a recently renewed NN+ lease, which includes percentage rent and minimal landlord responsibilities. The tenant reimburses the landlord for property taxes and parking lot maintenance. Dollar General is a leading small community discount store, reporting $38.7 billion in annual sales in 2023. The property generates an NOI of $48,600 and has a cap rate of 7.0% with percentage rent or 8.06% with percentage rent.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Grocery and convenience stores

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Rockwell City
    County
    Calhoun
    State
    Iowa
    Longitude
    -94.6221809
    Latitude
    42.3989786

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    FAQs

    What type of property is this?
    Grocery and convenience store - 9,014 SF Dollar General on 1.09 acres in Iowa.
    Where is this grocery and convenience store located?
    The property is located at 410 E High St Rockwell City, IA.
    What is the asking price?
    The asking price for this property is $648,000.
    What are key features of this property?
    This property features: - NN+ lease with percentage rent and minimal landlord responsibilities, tenant reimburses for property taxes and parking lot maintenance.; - Dollar General is the tenant, a leading small community discount store with $38.7B in annual sales in 2023.; - **Cap Rate of 8.06% with percentage rent.**
    (515) 975-1112
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    410 E High St Rockwell City, IA 50579
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    Rockwell City, IA 50579
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    410 E High St Rockwell City, IA 50579
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