523 S 4th St Guttenberg, IA 52052

Listing agency NAI Iowa Realty Commercial - Cedar Rapids j***@iowarealty.com Show Phone

Listed by Jeremy Tipton · License #IA B59800000

Source Crexi

Added: Apr 10 Updated: Jul 20 at 4:25PM Checked: Jul 21 at 3:53AM

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Investment Insights

Based on property information with market context.

This built-to-suit Dollar General retail property was constructed in 2003 and totals 8,125 square feet. The offering includes details of the executed lease structure, including a lease extension that was exercised early to extend the term through August 31, 2023, followed by one five-year lease renewal option period.

Dollar General reimburses for taxes, insurance premiums, and common area maintenance based on a percentage of square footage. Under the lease, Dollar General is responsible for repairs of heating, lighting, plumbing, and air conditioning for items under $500.

The property is presented for sale as a leased retail investment featuring a single-tenant arrangement with defined reimbursement and maintenance responsibilities.

Key Highlights

• 8,125 SF built‑to‑suit Dollar General retail property built in 2003
• Lease extended by early exercise through August 31, 2023, followed by 1 five‑year renewal option
• Offered at $420,000 with an 8.78% cap rate

Property Analytics

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FAQs

What type of property is this?

Grocery and convenience store - Built-to-suit Dollar General retail property with an early lease extension through August 31, 2023 and one renewal option.

Where is this grocery and convenience store located?

The property is located at 523 S 4th St Guttenberg, IA.

What are key features of this property?

This property features: 8,125 SF built‑to‑suit Dollar General retail property built in 2003; Lease extended by early exercise through August 31, 2023, followed by 1 five‑year renewal option; Offered at $420,000 with an 8.78% cap rate