Freestanding Retail Building in
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2009 Commerce Dr, Grundy Center, IA 50638
9,014 SF building occupied by Dollar General in Grundy Center.
Property Size9,014 SF
Price / SF$62.40
Days on Market696
Property Features for 2009 Commerce Dr
General Information
Standard status
Active
Size
9,014 SF
Property subtype
Retail
Occupancy
100%
Lease Type
NN
Investment Type
Value Add
Net Operating Income
$45,000
Building Details
Year Renovated
2024
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
CBRE - Des Moines
Listed By:
David Eckley · License #IA S65549000
(515) 314-1715
Source:
Crexi
Added: Nov 1, 2024
Changed: Sep 20
Last Checked: Sep 26 at 6:42AM
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 CBRE - Des Moines
Investment Insights
Based on property information with market context.
The subject property is a freestanding 9,014 SF building located in Grundy Center, Iowa. Situated along Hwy-14 on the western edge of town, the property has been occupied by Dollar General since its construction in 2004. The store completed an interior remodel in 2024 and extended its lease, demonstrating a strong commitment to the location. The lease is a NN type and expires on 11/30/2029. The tenant is Dolgencorp, LLC, with a corporate guarantee. The property's NOI is $45,000 and the cap rate is 7.25%.
Key Highlights
- Corporate guaranteed lease provides stability.
- Tenant recently remodeled the interior in 2024, showing commitment to the location.
- Long‑term lease in place until 11/30/2029.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
58
Businesses Nearby
13k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 81%
Dining 14%
Hotels & Casinos 5%
Casey's General Store
Shops & Services
5,530 visits/mo
0.4 miles
Dollar General
Shops & Services
5,180 visits/mo
0.1 miles
SUBWAY
Dining
1,855 visits/mo
0.4 miles
AmericInn by Wyndham Grundy Center
Hotels & Casinos
696 visits/mo
0.1 miles
Demographics for 50638, IA
3,411
Population
1,535
Households
2.2
Avg Household Size
43
Median Age
25%
College-Educated
97%
High-School Grad
94.0 sq mi
ZIP Area
36
Density / Sq Mi
$79,500
Median Household Income
$47,214
Median Earnings
$681
Median Rent
$181,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Grocery and convenience store - 9,014 SF building occupied by Dollar General in Grundy Center.
Where is this grocery and convenience store located?
The property is located at 2009 Commerce Dr Grundy Center, IA.
What is the asking price?
The asking price for this property is $562,500.
What are key features of this property?
This property features: Corporate guaranteed lease provides stability.; Tenant recently remodeled the interior in 2024, showing commitment to the location.; Long‑term lease in place until 11/30/2029.
