200 East South Street Mount Ayr, IA 50854

Listing office CBRE - Des Moines d***@cbre.com Show Phone

Listing date Mar 25, 2026

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Investment Insights

Based on property information with market context.

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 recently extended its lease for an additional 6 years, demonstrating a commitment to the location. Roof sealing was completed in 2024, and the parking lot has been recently improved. The lease includes two remaining 5-year extension options with 10% increases. The tenant participates in a National Insurance Program, paying insurance directly and is responsible for minor repairs less than $1000 per occurrence. Dollar General reimburses in full for taxes.

Key Highlights

• Long‑term lease with Dollar General, recently extended for 6 years, indicating a stable investment.
• Strategic location on Hwy‑169 in the center of Mount Ayr, Iowa.
• Tenant (Dollar General) reimburses property taxes in full.

Property Analytics

Property Profile Location Intelligence

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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 East South Street 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: Long‑term lease with Dollar General, recently extended for 6 years, indicating a stable investment.; Strategic location on Hwy‑169 in the center of Mount Ayr, Iowa.; Tenant (Dollar General) reimburses property taxes in full.