707 2nd Ave Sibley, IA 51249
10,500 SF Family Dollar | Dollar Tree in Sibley, Iowa.
Type:Retail
Property size:
10,500 SFPrice / SF:
$130/SF- Added:
- Jul 24, 2024
- Days on Market:
- 646
- Last Refresh:
- Mar 17 at 1:26 pm
Property Features for 707 2nd Ave
General Information
- Standard status
- Active
- Size
- 10,500 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2023
Listing agent Brian Brockman License #343837
Listing office Bang Realty
Listing date Jul 24, 2024
Source Crexi
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
Overview
Freestanding Family Dollar | Dollar Tree
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.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Grocery and convenience stores
Similar Places Nearby
- Sibley Super Foods — 407 9th St, Sibley, IA 51249
Location Insight
- Map
- Local Demand
- City
- Sibley
- County
- Osceola
- State
- Iowa
- Longitude
- -95.751629
- Latitude
- 43.401282
FAQs
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 $1,371,176.
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.
