Listing Agency: Trinity Real Estate Investment Services c***@trinityreis.com Show Phone

Listed By: Branson Blackburn · License #TX 611825

Source: Crexi

Added: Apr 11 Changed: Aug 31 Last Checked: Aug 30 at 9:48AM

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Investment Insights

Based on property information with market context.

This absolute NNN property is a Dollar General relocation store constructed in 2021. The asset is located at 1803 1st Ave E in Newton, Iowa, providing a defined single-tenant retail format under a triple-net lease structure.

The property combines a recognized national retail occupant with a recent construction date and an absolute NNN arrangement. Its use as a relocation store is a central characteristic of the offering.

Key Highlights

• Absolute NNN lease structure
• Dollar General occupancy
• Built in 2021

Property Analytics

Property Profile

Current Use

Grocery and convenience stores

Suggested Use

Top Pick Real Estate Agency Hair Salon Parking Lot & Garage Grocery & Convenience Store Skin Care Clinic (Bike/Boat/Book/etc) Store

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

301

Businesses Nearby

Explore this area Business Placement

Demographics for 50208, IA

20,918

Population

8,919

Households

2.3

Avg Household Size

42

Median Age

17%

College-Educated

91%

High-School Grad

158.5 sq mi

ZIP Area

132

Density / Sq Mi

$61,064

Median Household Income

$37,490

Median Earnings

$830

Median Rent

$161,900

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

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

NNN property - A 2021-built relocation store occupied by Dollar General under an absolute NNN structure.

Where is this nnn property located?

The property is located at 1803 1st Ave E Newton, IA.

What are key features of this property?

This property features: Absolute NNN lease structure; Dollar General occupancy; Built in 2021