Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    410 High St Rockwell City, IA 50579

    For Sale
    $734,400

    High-yield retail investment, Rockwell City.

    Property size:
    9,014 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional investment opportunity presents a 9,014-square-foot freestanding Dollar General store situated on a 1.09-acre lot in Rockwell City, Iowa. Built in 2004, this single-story building boasts 100% occupancy with a strong, established tenant under a Net Net (NN) lease with six years remaining. The property is strategically located on High Street/240th Street, conveniently south of Highway 20, a major east-west thoroughfare in central Iowa. The asking price is $734,400, representing a compelling $81.47 per square foot and a 6.62% cap rate. The lease agreement includes significant tenant reimbursements: the tenant covers all real estate taxes and insurance. Furthermore, during the second option period, the tenant reimburses up to $3,516 annually for parking lot maintenance and pays 2.5% percentage rent on annual retail sales exceeding $1.53 million. This property offers a secure, passive income stream with built-in growth potential, making it an ideal addition to any diversified investment portfolio. The property's prime location and the strength of the Dollar General tenant combine to create a highly attractive investment opportunity. This is a rare chance to acquire a well-established, income-producing retail property in a stable market.

    Property Features for 410 High St

    General Information

    Property type
    Individual retail properties
    Square Feet
    9,014 SF
    Lot Size
    47,480 SF

    Building Details

    Year Built
    2004
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • 9,014 SF freestanding building on 1.09 acres in Rockwell City, IA.
    • Tenant pays all real estate taxes and insurance.
    • Tenant pays for parking lot maintenance up to $3,516 annually (during the second option period).
    • 2.5% percentage rent over $1.53M in annual retail sales (during the second option period).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Rockwell City
    County
    Calhoun
    State
    Iowa
    Longitude
    -94.6220352
    Latitude
    42.3995327

    Nearby Comparable

    • $648,000
      9,014 SF

      Freestanding Dollar General Investment Property

      9,014 SF Dollar General on 1.09 acres in Iowa.
      410 E High St, Rockwell City, IA 50579
      View Details
    • $110,000
      1,632 SF

      Woodworking Business with Tool Inventory

      Commercial property with woodworking tools and inventory in Rockwell City.
      721 High St, Rockwell City, IA 50579
      View Details
    • New
      $195,000
      3,740 SF

      Rockwell City Bar and Restaurant

      Established bar and restaurant with apartment in Rockwell City, Iowa.
      336 Main St, Rockwell City, IA 50579
      View Details
    • Contact for pricing
      Pending

      Iowa Farmland Auction Near Twin Lakes

      57.85 acre farmland tract offered at public auction.
      01 County Hwy, Rockwell City, IA 50579
      View Details
    • Contact for pricing
      Pending

      Iowa Farmland Auction - Calhoun County

      152.80 acres of farmland offered via public auction.
      00 County Hwy, Rockwell City, IA 50579
      View Details
    • Contact for pricing
      Pending

      Iowa Farmland Auction: 94.95 Acres

      94.95 acres of farmland in Calhoun County, Iowa.
      02 County Hwy, Rockwell City, IA 50579
      View Details

    Nearby Similar for Sale

    • Contact for pricing
      Pending

      Iowa Farmland Auction Near Twin Lakes

      57.85 acre farmland tract offered at public auction.
      01 County Hwy, Rockwell City, IA 50579
      View Details
    • Contact for pricing
      Pending

      Iowa Farmland Auction - Calhoun County

      152.80 acres of farmland offered via public auction.
      00 County Highway D26, Rockwell City, IA 50579
      View Details
    • New
      $195,000
      3,740 SF

      Rockwell City Bar and Restaurant

      Established bar and restaurant with apartment in Rockwell City, Iowa.
      336 Main St, Rockwell City, IA 50579
      View Details
    • $648,000
      9,014 SF

      Freestanding Dollar General Investment Property

      9,014 SF Dollar General on 1.09 acres in Iowa.
      410 E High St, Rockwell City, IA 50579
      View Details
    • $110,000
      1,632 SF

      Woodworking Business with Tool Inventory

      Commercial property with woodworking tools and inventory in Rockwell City.
      721 High St, Rockwell City, IA 50579
      View Details

    FAQs

    What type of property is this?
    Individual retail property - High-yield retail investment, Rockwell City.
    Where is this individual retail property located?
    The property is located at 410 High St Rockwell 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 freestanding building on 1.09 acres in Rockwell City, IA.; Tenant pays all real estate taxes and insurance.; Tenant pays for parking lot maintenance up to $3,516 annually (during the second option period).
    Request Owner's contact information
    410 High St Rockwell City, IA 50579
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    410 High St
    Rockwell City, IA 50579
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    410 High St Rockwell City, IA 50579
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.