Building Details

Building Size 9,220 SF

Year Built 2018

Tenancy Single

Listed By: Mitch Phillips Show Phone

Source: Fergusoncres

Added: Jun 25 Changed: Oct 13 Last Checked: Oct 14 at 9:52PM

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Investment Insights

Based on property information with market context.

Built in 2018, this retail property is occupied under an absolute NNN lease with over 9 years remaining in the current term. The agreement includes 3 (five year) extension options and assigns no landlord responsibilities under the stated lease structure.

Dollar General Corporation provides the corporate guarantee, and the tenant carries a BBB investment-grade credit rating. The property is located at 211 S Monroe St in Monroe, Iowa. Demographic data for the surrounding 5-mile area includes a population of 3,281 and an average household income of $80,051.

Key Highlights

• Absolute NNN lease with over 9 years remaining
• 3 (five year) extension options
• Corporate guarantee by Dollar General Corporation

Property Analytics

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Current Use

Dollar General Discount Store Redbox Cinema Western Union Bank FedEx OnSite Postal Service Dollar General Store Home Decor Store

Suggested Use

Top Pick Auto Parts Store Bakery Pharmacy Hair Salon HVAC Service Computer & Electronic Repair

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Single-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

144

Businesses Nearby

15k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

Monroe #3 Shops & Services

10,134 visits/mo 0.3 miles

Dollar General Shops & Services

3,924 visits/mo 0.1 miles

Napa Auto Parts Shops & Services

769 visits/mo 0.2 miles

Demographics for 50170, IA

2,854

Population

1,231

Households

2.3

Avg Household Size

41

Median Age

23%

College-Educated

99%

High-School Grad

83.2 sq mi

ZIP Area

34

Density / Sq Mi

$86,205

Median Household Income

$51,288

Median Earnings

$772

Median Rent

$193,500

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

Frequently Asked Questions

What type of property is this?

NNN property - 2018-built retail asset with an absolute NNN lease and corporate tenant guarantee.

Where is this nnn property located?

The property is located at 211 S Monroe St Monroe, IA.

What is the asking price?

The asking price for this property is $1,106,405.

What are key features of this property?

This property features: Absolute NNN lease with over 9 years remaining; 3 (five year) extension options; Corporate guarantee by Dollar General Corporation