200 E South St, Mount Ayr, IA 50854

Building Details

Year Built

2002

Listing agent David Eckley License #IA S65549000

Listing office CBRE - Des Moines

Listing date Nov 1, 2024

Source Crexi

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Overview

The subject property is a freestanding 7,200 SF building located in Mount Ayr, Iowa. Situated along Hwy-169 in the center of town, the property has been occupied by Dollar General since its construction in 2002. The tenant, Dolgencorp, LLC, recently extended its lease for an additional 6 years, demonstrating a commitment to the location. The lease is NN type and expires on 10/31/2030. The property's NOI is $44,430, with a cap rate of 7.25%.

Suggested Use

Real Estate Agency Restaurant Law Firm Spa & Massage Center Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center Big Box & Wholesale Store

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

Similar Places Nearby

• Hy-Vee Grocery Store — 201 N Fillmore St, Mt Ayr, IA 50854

Location Insight

• Map
• Local Demand

City

Mount Ayr

County

Ringgold

State

Iowa

Longitude

-94.236253

Latitude

40.711044

FAQs

What type of property is this?

Grocery and convenience store - 7,200 SF building occupied by Dollar General.

Where is this grocery and convenience store located?

The property is located at 200 E South St Mount Ayr, IA.

What is the asking price?

The asking price for this property is $555,375.

What are key features of this property?

This property features: Corporate Guaranteed Lease with Dolgencorp, LLC; NN Lease with a **7.25% Cap Rate**; Recently Extended Lease through 10/31/2030