Freestanding Retail Building in
For Sale
$540,000
410 East High Street, Rockwell City, IA 50579
9,014 SF building on 1.09 acres, leased to Dollar General.
Property Size9,014 SF
Lot Size1.09 Acres
Price / SF$59.91
Days on Market217
Property Features for 410 East High Street
General Information
Standard status
Active
Size
9,014 SF
Lot size
1.09 Acres
Property subtype
Retail
Listed By:
Michael Smith
(515) 975-1112
Source:
Cbre
Added: Mar 25
Changed: Oct 25
Last Checked: Oct 26 at 1:20PM
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 Michael Smith
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Investment Insights
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The subject property features a 9,014 square foot freestanding building situated on 1.09 acres on the east side of Rockwell City, Iowa. Constructed in 2004, the property is located on High Street/240th Street, just south of Highway 20, a main east-west highway in central Iowa. The property is currently secured with a recently renewed NN+ lease that includes percentage rent and minimal landlord responsibilities. The tenant reimburses the landlord for property taxes and parking lot maintenance. The property is occupied by Dollar General, which has been at this location since the building was constructed. Dollar General is a leading small community discount store with $38.7 billion in annual sales in 2023.
Key Highlights
- NN+ Lease with Percentage Rent for a potentially increasing income stream
- Minimal Landlord Responsibilities: Tenant handles property taxes and parking lot maintenance
- Established Tenant: Dollar General is a national company with high annual sales
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Current Use
Location Intelligence
Trade Area within ½ mile
69
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
Demographics for 50579, IA
2,895
Population
1,378
Households
2.1
Avg Household Size
42
Median Age
20%
College-Educated
91%
High-School Grad
140.6 sq mi
ZIP Area
21
Density / Sq Mi
$69,464
Median Household Income
$33,648
Median Earnings
$760
Median Rent
$136,800
Median Home Value
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - 9,014 SF building on 1.09 acres, leased to Dollar General.
Where is this grocery and convenience store located?
The property is located at 410 East High Street Rockwell City, IA.
What is the asking price?
The asking price for this property is $540,000.
What are key features of this property?
This property features: NN+ Lease with Percentage Rent for a potentially increasing income stream; Minimal Landlord Responsibilities: Tenant handles property taxes and parking lot maintenance; Established Tenant: Dollar General is a national company with high annual sales
