Single-Tenant Retail Store with NN
For Sale
Contact for pricing
Pending
1610 N 2nd St, Cherokee, IA 51012
Dollar Tree operates under a corporate-guaranteed 10-year NN lease with remaining term and scheduled rent increases.
Property SizeContact for details
Days on Market121
Property Features for 1610 N 2nd St
General Information
Standard status
Pending
Property subtype
Retail
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Tenancy
Single
Listing Agency:
Marcus & Millichap - Minneapolis
(678) 808-2762
Listed By:
Jon Ruzicka · License #B63379000
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Aug 9 at 1:45PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Minneapolis
Investment Insights
Based on property information with market context.
This single-tenant retail store is leased to Dollar Tree under a corporate-guaranteed 10-year NN lease. The lease commenced in February 2023, and there are over nine years remaining on the 10-year term. Dollar Tree renovated a former hardware store for its use.
The landlord responsibilities include the roof, structure, and parking lot, while the tenant is responsible for taxes, insurance, HVAC, and utilities. Rent increases are scheduled by $0.50 per square foot in each of the five, five-year option periods.
The property is a Dollar Tree/Family Dollar location on a corner lot at the intersection of Hwy 4 and Hwy 59 in Cherokee, Iowa, directly across the street from Western Iowa Tech College. Additional nearby context includes the Cherokee Regional Medical Center (less than one mile away) and a Hy-Vee distribution center in Cherokee.
The landlord responsibilities include the roof, structure, and parking lot, while the tenant is responsible for taxes, insurance, HVAC, and utilities. Rent increases are scheduled by $0.50 per square foot in each of the five, five-year option periods.
The property is a Dollar Tree/Family Dollar location on a corner lot at the intersection of Hwy 4 and Hwy 59 in Cherokee, Iowa, directly across the street from Western Iowa Tech College. Additional nearby context includes the Cherokee Regional Medical Center (less than one mile away) and a Hy-Vee distribution center in Cherokee.
Key Highlights
- Dollar Tree on a corporate‑guaranteed 10‑year NN lease, with over 9 years remaining
- 10‑year lease commenced February 2023
- Scheduled rent increases of $0.50/SF in each of the five 5‑year option periods
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
472
Businesses Nearby
38k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 37%
Dining 33%
Groceries 25%
Electronics 4%
Fareway
Groceries
9,509 visits/mo
0.2 miles
Taco John's
Dining
7,556 visits/mo
0.4 miles
Dollar General
Shops & Services
5,112 visits/mo
0.5 miles
Sinclair
Shops & Services
4,336 visits/mo
0.0 miles
O'Reilly Auto Parts
Shops & Services
3,807 visits/mo
0.5 miles
Demographics for 51012, IA
6,592
Population
2,889
Households
2.3
Avg Household Size
46
Median Age
20%
College-Educated
93%
High-School Grad
147.7 sq mi
ZIP Area
45
Density / Sq Mi
$56,964
Median Household Income
$33,141
Median Earnings
$725
Median Rent
$127,900
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Retail space - Dollar Tree operates under a corporate-guaranteed 10-year NN lease with remaining term and scheduled rent increases.
Where is this retail space located?
The property is located at 1610 N 2nd St Cherokee, IA.
What are key features of this property?
This property features: Dollar Tree on a corporate‑guaranteed 10‑year NN lease, with over 9 years remaining; 10‑year lease commenced February 2023; Scheduled rent increases of $0.50/SF in each of the five 5‑year option periods
