Dollar General Absolute NNN
For Sale
$1,057,820
4 Barber Street, Central City, IA 52214
Absolute NNN lease with 7 years remaining, corporate guarantee, and a concrete parking lot with ample parking.
Property Size9,002 SF
Days on Market121
Property Features for 4 Barber Street
General Information
Standard status
Active
Size
9,002 SF
Property subtype
Retail
Building Details
Building Size
9,002 SF
Year Built
2016
Tenancy
Single
Listed By:
Mitch Phillips
(515) 975-8225
Source:
Fergusoncres
Added: Jun 25
Changed: Oct 12
Last Checked: Oct 20 at 7:24PM
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 Mitch Phillips
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Investment Insights
Based on property information with market context.
This sale presents an absolute NNN lease with 7 years remaining on the lease term and five (5) year renewal options. The property offers a corporate guarantee by Dollar General Corporation and reflects a “BBB” investment-grade credit rating. The lease structure calls for no landlord responsibilities, aligning with an absolute NNN format.
Total annual rent is $82,510, with 10% rent increases at each extension option. The site includes a concrete parking lot with ample parking.
The property is offered for sale at 4 Barber Street in Central City, IA 52214.
Total annual rent is $82,510, with 10% rent increases at each extension option. The site includes a concrete parking lot with ample parking.
The property is offered for sale at 4 Barber Street in Central City, IA 52214.
Key Highlights
- Absolute NNN lease with 7 years remaining and five (5) year renewal options
- Tenant is Dollar General Corporation with a corporate guarantee and “BBB” investment grade credit rating
- Total annual rent is $82,510 with 10% rent increases at each extension option
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$91,201
Cap Rate
8.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,824,020
$1.8M
Cap Rate 7%
$1,302,871
$1.3M
Cap Rate 9%
$1,013,344
$1.0M
Market Conditions
NOI Build-Up for 9,002 SF
Gross rent
$131.8K $14.64/SF
− Vacancy
−$10.2K −$1.13/SF
EGI
$121.6K $13.51/SF
− OpEx
−$30.4K −$3.38/SF
NOI
$91.2K $10.13/SF
Area
Linn County, IA
Vacancy
7.73%
Lease Rate
$14.64 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,824,020
Cap Rate 7%
$1,302,871
Cap Rate 9%
$1,013,344
Alternative Uses
Best Use
Specialty Retail
$1.30M
$1.14M – $1.52M
NOI $91,201 @ 7.0% cap · market cap 8.62%
Second Best
Retail
$1.22M
$1.06M – $1.42M
NOI $85,121 @ 7.0% cap · market cap 8.05%
Theoretical Best
Self Storage
$1.52M
$1.33M – $1.77M
NOI $106,053 @ 7.0% cap · market cap 10.03%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
111
Businesses Nearby
5k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
4,739 visits/mo
0.0 miles
Demographics for 52214, IA
3,001
Population
1,339
Households
2.2
Avg Household Size
45
Median Age
22%
College-Educated
98%
High-School Grad
90.2 sq mi
ZIP Area
33
Density / Sq Mi
$83,450
Median Household Income
$49,672
Median Earnings
$825
Median Rent
$235,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
NNN property - Absolute NNN lease with 7 years remaining, corporate guarantee, and a concrete parking lot with ample parking.
Where is this nnn property located?
The property is located at 4 Barber Street Central City, IA.
What is the asking price?
The asking price for this property is $1,057,820.
What are key features of this property?
This property features: Absolute NNN lease with 7 years remaining and five (5) year renewal options; Tenant is Dollar General Corporation with a corporate guarantee and “BBB” investment grade credit rating; Total annual rent is $82,510 with 10% rent increases at each extension option
