Building Details

Year Built 2003

Listing Agency: NAI Iowa Realty Commercial - Cedar Rapids j***@iowarealty.com Show Phone

Listed By: Jeremy Tipton · License #IA B59800000

Source: Crexi

Added: Apr 10 Changed: Aug 10 Last Checked: Aug 10 at 3:51PM

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Investment Insights

Based on property information with market context.

This built-to-suit Dollar General retail property was constructed in 2003 and totals 8,125 square feet. The offering includes details of the executed lease structure, including a lease extension that was exercised early to extend the term through August 31, 2023, followed by one five-year lease renewal option period.

Dollar General reimburses for taxes, insurance premiums, and common area maintenance based on a percentage of square footage. Under the lease, Dollar General is responsible for repairs of heating, lighting, plumbing, and air conditioning for items under $500.

The property is presented for sale as a leased retail investment featuring a single-tenant arrangement with defined reimbursement and maintenance responsibilities.

Key Highlights

• 8,125 SF built‑to‑suit Dollar General retail property built in 2003
• Lease extended by early exercise through August 31, 2023, followed by 1 five‑year renewal option
• Offered at $420,000 with an 8.78% cap rate

Property Analytics

Property Profile

Current Use

Grocery and convenience stores

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Garden Center Nail Salon Building Supply HVAC Service Barber Shop

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

232

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 52052, IA

2,955

Population

1,805

Households

1.6

Avg Household Size

53

Median Age

13%

College-Educated

93%

High-School Grad

89.7 sq mi

ZIP Area

33

Density / Sq Mi

$55,871

Median Household Income

$36,875

Median Earnings

$791

Median Rent

$189,300

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?

Grocery and convenience store - Built-to-suit Dollar General retail property with an early lease extension through August 31, 2023 and one renewal option.

Where is this grocery and convenience store located?

The property is located at 523 S 4th St Guttenberg, IA.

What are key features of this property?

This property features: 8,125 SF built‑to‑suit Dollar General retail property built in 2003; Lease extended by early exercise through August 31, 2023, followed by 1 five‑year renewal option; Offered at $420,000 with an 8.78% cap rate