707 2nd Ave, Sibley, IA 51249

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.