906 W 1st Street, Leon, IA 50144

Building Details

Year Built 2021 More

Tenancy Single More

Listing Agency: Bang Realty

Listed By: Brian Brockman · License IA #701472 Show Phone

Source: Crexi

Added: Sep 25 Changed: Nov 8 Last Checked: Nov 8 at 6:32PM

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Investment Insights

Based on property information with market context.

The Dollar General property is a 10,640-square-foot build-to-suit completed in 2021 on a 1.39-acre parcel. The store was developed as a replacement location for a prior Dollar General that served the market for more than 20 years.

An absolute NNN lease has 9.5 years remaining through February 2036. The tenant covers operating expenses and insurance and reimburses property taxes. Five 5-year renewal options include 10% rental increases.

Key Highlights

• 10,640‑square‑foot build‑to‑suit completed in 2021
• Situated on a 1.39‑acre parcel
• Absolute NNN lease with 9.5 years remaining through February 2036

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

FedEx OnSite Postal Service

Suggested Use

Top Pick Real Estate Agency Building Supply Restaurant Big Box & Wholesale Store Auto Parts Store HVAC Service

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

Location Intelligence

Trade Area within ½ mile

190

Businesses Nearby

14k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

Leon #2 Shops & Services

9,607 visits/mo 0.5 miles

Dollar General Shops & Services

4,860 visits/mo 0.1 miles

Demographics for 50144, IA

2,766

Population

1,312

Households

2.1

Avg Household Size

41

Median Age

15%

College-Educated

91%

High-School Grad

143.4 sq mi

ZIP Area

19

Density / Sq Mi

$64,511

Median Household Income

$35,558

Median Earnings

$544

Median Rent

$122,200

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 - The tenant is responsible for operating costs, insurance, and property-tax reimbursement under the absolute NNN lease.

Where is this nnn property located?

The property is located at 906 W 1st Street Leon, IA.

What is the asking price?

The asking price for this property is $1,535,184.

What are key features of this property?

This property features: 10,640‑square‑foot build‑to‑suit completed in 2021; Situated on a 1.39‑acre parcel; Absolute NNN lease with 9.5 years remaining through February 2036