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    707 2Nd Ave Sibley, IA 51249

    For Sale
    $1,484,713

    High-yield, brand-new Dollar Tree/Family Dollar.

    Property size:
    10,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional investment opportunity presents a brand-new, 10,500-square-foot Family Dollar/Dollar Tree dual-concept store located at 707 2nd Ave, Sibley, IA 51249. Built in 2023 and opened in December, this property boasts a 10.1-year net-net lease with four 5-year renewal options, each including a $0.50 per square foot rental rate increase. The lease is corporately guaranteed by Dollar Tree, holding an investment-grade credit rating of "BBB-". The property's strong financial performance is reflected in a 7.85% cap rate based on a net operating income (NOI) of $116,550, and an asking price of $1,484,713 ($141.40/SF). Situated on approximately 0.9 to 1.1 acres, this highly visible location benefits from 4,414 cars per day passing on 2nd Avenue, with convenient access via three ingress/egress points from both 1st and 2nd Avenues. Its strategic placement across from a Casey's and gas station further enhances its appeal. The strong demographics of the area, including a 3-mile average household income of $74,225 and a 10-mile population of 5,802, support the continued success of this established business. This property is an ideal acquisition for 1031 exchange buyers or passive investors seeking a secure, high-return investment in a proven, nationally recognized brand. The property is 100% occupied.

    Property Features for 707 2Nd Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    10,500 SF
    Lot Size
    39,204 SF

    Building Details

    Year Built
    2023
    Buildings
    1

    HighLights

    • Dual concept stores reporting a 20% revenue increase.
    • Ten‑year net‑net lease with minimal landlord responsibilities.
    • Brand new construction (2023), opened December 2023.
    • Four, five‑year lease options with a $0.50/SF annual rent increase.
    • Investment‑grade tenant (S&P: BBB-).
    • High traffic location: 4,414 cars per day on 2nd Avenue.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Sibley
    County
    Osceola
    State
    Iowa
    Longitude
    -95.751982
    Latitude
    43.401385

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    FAQs

    What type of property is this?
    Individual retail property - High-yield, brand-new Dollar Tree/Family Dollar.
    Where is this individual retail property located?
    The property is located at 707 2Nd Ave Sibley, IA.
    What is the asking price?
    The asking price for this property is $1,484,713.
    What are key features of this property?
    This property features: Dual concept stores reporting a 20% revenue increase.; Ten-year net-net lease with minimal landlord responsibilities.; Brand new construction (2023), opened December 2023.
    Request Owner's contact information
    707 2Nd Ave Sibley, IA 51249
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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
    707 2Nd Ave Sibley, IA 51249
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