Dollar General Grocery
For Sale
Contact for pricing
2774 310th St, Hamburg, IA 51640
Operating retail store with an absolute NNN lease and multiple renewal options.
Property Size9,026 SF
Days on Market144
Property Features for 2774 310th St
General Information
Standard status
Active
Size
9,026 SF
Property subtype
Retail
Net Operating Income
$82,214
Additional Details
Cap Rate
5.15%
Corner Location
Yes
Building Details
Buildings
1
Listing Agency:
Fortis Net Lease
(248) 419-3810
Listed By:
Bryan Bender · License #MI 6501319610
Source:
Crexi
Added: Apr 11
Changed: Aug 31
Last Checked: Aug 31 at 6:22AM
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 Fortis Net Lease
Investment Insights
Based on property information with market context.
This 9,026 SF Dollar General store has been operating since January 2021. The property is subject to a 15-year absolute NNN lease, with five 5-year renewal options and a 10% rental rate increase attached to each option. The structure places landlord responsibilities with the tenant under the stated lease terms.
The store occupies the corner of 310th St and Argyle Street in Hamburg, Iowa, providing a prominent position at the intersection. The lease is corporately guaranteed by Dollar General Corporation, which carries a BBB credit rating identified as investment grade. The surrounding market includes a 10-mile population of 3,757 and a 3-mile average household income of $65,596 per year.
The store occupies the corner of 310th St and Argyle Street in Hamburg, Iowa, providing a prominent position at the intersection. The lease is corporately guaranteed by Dollar General Corporation, which carries a BBB credit rating identified as investment grade. The surrounding market includes a 10-mile population of 3,757 and a 3-mile average household income of $65,596 per year.
Key Highlights
- 9,026 SF Dollar General store operating since January 2021
- 15‑year absolute NNN lease with zero landlord responsibilities
- 5 (5 Year) renewal options, each with a 10% rental rate increase
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 51640, IA
1,290
Population
756
Households
1.7
Avg Household Size
48
Median Age
15%
College-Educated
97%
High-School Grad
115.4 sq mi
ZIP Area
11
Density / Sq Mi
$62,241
Median Household Income
$44,563
Median Earnings
$728
Median Rent
$120,400
Median Home Value
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 - Operating retail store with an absolute NNN lease and multiple renewal options.
Where is this grocery and convenience store located?
The property is located at 2774 310th St Hamburg, IA.
What are key features of this property?
This property features: 9,026 SF Dollar General store operating since January 2021; 15‑year absolute NNN lease with zero landlord responsibilities; 5 (5 Year) renewal options, each with a 10% rental rate increase
