Freestanding Family Dollar | Dollar
For Sale
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707 2nd Ave, Sibley, IA 51249
10,500 SF Family Dollar | Dollar Tree in Sibley, Iowa.
Property Size10,500 SF
Price / SF$116.84
Days on Market783
Property Features for 707 2nd Ave
General Information
Standard status
Active
Size
10,500 SF
Property subtype
Retail
Zoning
Commercial
Occupancy
100%
Lease Type
NN
Investment Type
Net Lease
Net Operating Income
$116,550
Building Details
Year Built
2023
Buildings
1
Units
1
Tenancy
Single
Listing Agency:
Bang Realty
Listed By:
Brian Brockman · License #BRK.200900214
(888) 737-2264
Source:
Crexi
Added: Jul 24, 2024
Changed: Sep 13
Last Checked: Sep 13 at 4:09AM
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 Bang Realty
Investment Insights
Based on property information with market context.
This 10,500 square foot freestanding Family Dollar | Dollar Tree dual concept store is located in Sibley, Iowa. The property is under a Double Net (NN) Lease, assigning minimal landlord responsibilities. The lease includes 4 options to renew, each for 5 years, with a $0.50 per square foot rental rate increase. The lease is corporately guaranteed by Dollar Tree, which holds an investment grade credit rating of "BBB-". Construction was completed, and the store successfully opened in December 2023. The Family Dollar | Dollar Tree store is positioned between 1st Avenue and 2nd Avenue, with high visibility and traffic of 4,414 cars per day. With 3 ingress/egress points, the store is easily accessible. It is located across the street from a Casey's and gas station. The population within a ten-mile radius is 5,802, and the average household income within a three-mile radius is $74,225 per year. This location is suited for a Family Dollar | Dollar Tree store. This property is an ideal opportunity for a 1031 exchange buyer or a passive investor to attain fee simple ownership of a Family Dollar | Dollar Tree store. The investment offers continued success due to the financial strength and profitability of the tenant. The list price reflects an 8.50% cap rate based on NOI of $116,550.
Key Highlights
- New 10,500 SF Family Dollar | Dollar Tree dual concept store (opened December 2023).
- Corporate guarantee by Dollar Tree with an Investment Grade credit rating of “BBB-“.
- Double Net (NN) Lease with minimal landlord responsibilities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
295
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 51249, IA
3,558
Population
1,581
Households
2.3
Avg Household Size
43
Median Age
19%
College-Educated
89%
High-School Grad
126.6 sq mi
ZIP Area
28
Density / Sq Mi
$63,542
Median Household Income
$40,231
Median Earnings
$770
Median Rent
$150,000
Median Home Value
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Market
Vacancy Rate% for Retail in Midwest region
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Similar Off Market Nearby
- Sibley Super Foods — 407 9th St, Sibley, IA 51249
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - 10,500 SF Family Dollar | Dollar Tree in Sibley, Iowa.
Where is this grocery and convenience store located?
The property is located at 707 2nd Ave Sibley, IA.
What is the asking price?
The asking price for this property is $1,226,842.
What are key features of this property?
This property features: New 10,500 SF Family Dollar | Dollar Tree dual concept store (opened December 2023).; Corporate guarantee by Dollar Tree with an Investment Grade credit rating of “BBB-“.; Double Net (NN) Lease with minimal landlord responsibilities.
