Building Details

Year Built 2016

Tenancy Single

Listing Agency: Matthews

Listed By: Brett Baumgartner · License #TX 701324

Source: Crexi

Added: Apr 11 Changed: Aug 31 Last Checked: Aug 31 at 1:59AM

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Investment Insights

Based on property information with market context.

The offering features 2016 build-to-suit construction for Dollar General with an initial 15-year lease and approximately 8.16 years remaining. The agreement uses an absolute NNN structure with zero landlord responsibilities, and Dollar General Corporation provides the corporate guarantee. Five additional five-year options are included, each with 10% increases.

The property is located at 515 W Mission St in Strawberry Point, Iowa, with access and visibility off HWY 3. Strawberry Point lies between Waterloo and Dubuque, providing the stated regional positioning for the location. Dollar General carries a BBB investment-grade credit rating from S&P.

Key Highlights

• 2016 build‑to‑suit construction for Dollar General
• Approximately 8.16 years remain on the initial 15‑year lease
• Absolute NNN structure with zero landlord responsibilities

Property Analytics

Property Profile

Current Use

Western Union Bank Redbox Cinema Dollar General Discount Store

Suggested Use

Top Pick Auto Repair Shop HVAC Service Auto Parts Store (Bike/Boat/Book/etc) Store Furniture & Home Goods Restaurant

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

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

89

Businesses Nearby

13k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

Casey's Shops & Services

9,104 visits/mo 0.3 miles

Dollar General Shops & Services

4,039 visits/mo 0.1 miles

Demographics for 52076, IA

2,123

Population

1,013

Households

2.1

Avg Household Size

43

Median Age

24%

College-Educated

93%

High-School Grad

101.8 sq mi

ZIP Area

21

Density / Sq Mi

$62,917

Median Household Income

$45,112

Median Earnings

$663

Median Rent

$139,500

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

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Frequently Asked Questions

What type of property is this?

NNN property - Build-to-suit retail asset with an absolute NNN lease and corporate guaranty.

Where is this nnn property located?

The property is located at 515 W Mission St Strawberry Point, IA.

What are key features of this property?

This property features: 2016 build‑to‑suit construction for Dollar General; Approximately 8.16 years remain on the initial 15‑year lease; Absolute NNN structure with zero landlord responsibilities