Single-Tenant NNN Retail
For Sale
Contact for pricing
1200 Highway 31, Correctionville, IA 51016
Absolute triple-net structure places no landlord responsibilities on the property owner.
Property Size9,026 SF
Days on Market145
Property Features for 1200 Highway 31
General Information
Standard status
Active
Size
9,026 SF
Property subtype
Retail
Building Details
Buildings
1
Tenancy
Single
Listing Agency:
The Boulder Group
(847) 562-0003
Listed By:
Randy Blankstein · License #IL 471005983
Source:
Crexi
Added: Apr 10
Changed: Aug 31
Last Checked: Aug 30 at 1:33PM
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 The Boulder Group
Investment Insights
Based on property information with market context.
This single-tenant retail property is occupied by Dollar General and contains 9,026 square feet. Built as a new-construction store, the building is subject to an absolute triple-net lease with no landlord responsibilities. The current term is scheduled to continue through March 31, 2031, with approximately 15 years remaining and 10% rental escalations during each of five 5-year renewal options.
The property is located at 1200 Highway 31 in Correctionville, Iowa, at the intersection of Highway 31 and US Highway 20. Highway 31 provides the primary north-south route through the trade area, while US Highway 20 serves as its principal east-west corridor. Correctionville is included in the Sioux City Metropolitan Statistical Area.
The property is located at 1200 Highway 31 in Correctionville, Iowa, at the intersection of Highway 31 and US Highway 20. Highway 31 provides the primary north-south route through the trade area, while US Highway 20 serves as its principal east-west corridor. Correctionville is included in the Sioux City Metropolitan Statistical Area.
Key Highlights
- 9,026‑square‑foot Dollar General retail property
- Absolute triple‑net lease with no landlord responsibilities
- Lease expiration scheduled for March 31, 2031
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
Explore this area
Business Placement
Demographics for 51016, IA
1,361
Population
484
Households
2.8
Avg Household Size
43
Median Age
20%
College-Educated
87%
High-School Grad
104.8 sq mi
ZIP Area
13
Density / Sq Mi
$52,813
Median Household Income
$39,194
Median Earnings
$925
Median Rent
$88,300
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Absolute triple-net structure places no landlord responsibilities on the property owner.
Where is this nnn property located?
The property is located at 1200 Highway 31 Correctionville, IA.
What are key features of this property?
This property features: 9,026‑square‑foot Dollar General retail property; Absolute triple‑net lease with no landlord responsibilities; Lease expiration scheduled for March 31, 2031
