Dollar General NNN Retail
For Sale
Contact for pricing
903 Grundy Ave, Reinbeck, IA 50669
9,100-square-foot store occupied under an absolute NNN lease with renewal options and scheduled rent increases.
Property Size9,100 SF
Days on Market144
Property Features for 903 Grundy Ave
General Information
Standard status
Active
Size
9,100 SF
Property subtype
Retail
Net Operating Income
$88,400
Additional Details
Cap Rate
5.15%
Traffic Count
3,290 vehicles/day
Listing Agency:
Fortis Net Lease
(248) 419-3810
Listed By:
Bryan Bender · License #MI 6501319610
Source:
Crexi
Added: Apr 11
Changed: Aug 30
Last Checked: Aug 30 at 10:43PM
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 Fortis Net Lease
Investment Insights
Based on property information with market context.
The property is a 9,100-square-foot Dollar General store at 903 Grundy Ave in Reinbeck, Iowa. The store has been operating since January 2021 and is subject to a 15-year absolute NNN lease, with no landlord responsibilities identified in the lease structure. The agreement includes five 5-year renewal options, each providing a 10% rental rate increase.
Dollar General Corporation provides the lease guarantee and carries a BBB credit rating, identified as investment grade in the property information. The site is positioned on Grundy Ave, which records 3,290 cars per day. The surrounding trade area includes 10,411 residents within 10 miles. The offering reflects a 5.15% cap rate and provides fee simple ownership of the leased retail property.
Dollar General Corporation provides the lease guarantee and carries a BBB credit rating, identified as investment grade in the property information. The site is positioned on Grundy Ave, which records 3,290 cars per day. The surrounding trade area includes 10,411 residents within 10 miles. The offering reflects a 5.15% cap rate and provides fee simple ownership of the leased retail property.
Key Highlights
- 9,100 SF Dollar General store at 903 Grundy Ave, Reinbeck, IA 50669
- 15‑year absolute NNN lease with no landlord responsibilities identified
- Five 5‑year renewal options, each with a 10% rental rate increase
Property Analytics
Property Profile
Current Use
Lease Details
3,290 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
150
Businesses Nearby
8k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Casey's General Store
Shops & Services
4,863 visits/mo
0.1 miles
Dollar General
Shops & Services
2,650 visits/mo
0.1 miles
Napa Auto Parts
Shops & Services
678 visits/mo
0.4 miles
Demographics for 50669, IA
2,335
Population
1,161
Households
2
Avg Household Size
44
Median Age
24%
College-Educated
98%
High-School Grad
96.7 sq mi
ZIP Area
24
Density / Sq Mi
$83,636
Median Household Income
$42,467
Median Earnings
$828
Median Rent
$165,300
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - 9,100-square-foot store occupied under an absolute NNN lease with renewal options and scheduled rent increases.
Where is this nnn property located?
The property is located at 903 Grundy Ave Reinbeck, IA.
What are key features of this property?
This property features: 9,100 SF Dollar General store at 903 Grundy Ave, Reinbeck, IA 50669; 15‑year absolute NNN lease with no landlord responsibilities identified; Five 5‑year renewal options, each with a 10% rental rate increase
