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    420 Main St Sac City, IA 50583

    Sponsored
    For Sale
    $734,400

    High-yield, single-tenant retail investment.

    Property size:
    9,014 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a 9,014 square foot freestanding Dollar General store situated on a 1.41-acre lot at 420 E Main St, Sac City, IA 50583. Built in 2004, the property boasts a strong 6.62% cap rate and a stabilized net lease (NN) with a credit-rated tenant. The lease, expiring September 30, 2029, offers a remaining term of 4.9 years. The property benefits from a 100% occupancy rate and a strategic location on Main Street/255th Street, conveniently positioned just south of Highway 20, a major east-west thoroughfare in central Iowa. The tenant, Dollar General, is responsible for real estate taxes and insurance, and contributes up to $3,335 annually towards parking lot maintenance. A notable feature is the inclusion of a 2.5% percentage rent clause exceeding $1.836 million in annual retail sales. The asking price is $734,400, translating to $81.47 per square foot. This single-story building presents a compelling investment opportunity with a secure tenant and attractive financial metrics. The property's prime location and established tenant history ensure a stable and potentially lucrative return on investment.

    Property Features for 420 Main St

    General Information

    Property type
    Lifestyle centers
    Square Feet
    9,014 SF
    Lot Size
    61,420 SF

    Building Details

    Year Built
    2004
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • 9,014 SF Dollar General Store on 1.41‑acre lot in Sac City, IA.
    • Net lease (NN) with credit‑rated tenant, expiring September 30, 2029 (4.9 years remaining).
    • 6.62% cap rate, $734,400 asking price ($81.47/SF).
    • Tenant pays all real estate taxes and insurance.
    • Tenant contributes up to $3,335 annually for parking lot maintenance.
    • 2.5% percentage rent over $1.836M in annual sales.
    Property Profile Location Intelligence

    Current Use by Public Records

    Sac County Abstract ... Title Company Green Real Estate ... Auction House FedEx OnSite Mailing Service Western Union Money Transfer Service Dollar General Beauty Supply Store

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Auto Repair Shop Hair Salon Clothing Store Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Sac City
    County
    Sac
    State
    Iowa
    Longitude
    -94.980074224135
    Latitude
    42.421470039544

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      Sac City Retail Investment Property

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    FAQs

    What type of property is this?
    Lifestyle center - High-yield, single-tenant retail investment.
    Where is this lifestyle center located?
    The property is located at 420 Main St Sac City, IA.
    What is the asking price?
    The asking price for this property is $734,400.
    What are key features of this property?
    This property features: 9,014 SF Dollar General Store on 1.41-acre lot in Sac City, IA.; Net lease (NN) with credit-rated tenant, expiring September 30, 2029 (4.9 years remaining).; 6.62% cap rate, $734,400 asking price ($81.47/SF).
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    Sac City, IA 50583
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    420 Main St Sac City, IA 50583
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