Freestanding Family Dollar | Dollar
707 2nd Ave Sibley, IA 51249
For Sale
Contact for pricing
10,500 SF Family Dollar | Dollar Tree in Sibley, Iowa.
Property Size10,500 SF
Price / SF$116.84
Days on Market736
Property Features for 707 2nd Ave
General Information
Standard status
Active
Size
10,500 SF
Property subtype
Retail
Building Details
Year Built
2023
Listing Agency:
Bang Realty
(888) 737-2264
Listed By:
Brian Brockman · License #701472
Source:
Crexi
Added: Jul 24, 2024
Changed: Jul 10
Last Checked: Jul 29 at 1:18PM
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
Property Profile
Location Intelligence
Current Use
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.
