Freestanding Retail Building in
For Sale
$555,375
200 East South Street, Mount Ayr, IA 50854
7,200 SF building occupied by Dollar General.
Property Size7,200 SF
Price / SF$77.14
Days on Market152
Property Features for 200 East South Street
General Information
Standard status
Active
Size
7,200 SF
Property subtype
Retail
Listing Agency:
CBRE - Des Moines
(515) 314-1715
Listed By:
David Eckley · License #S65549000
(515) 314-1715
Source:
Cbre
Added: Mar 25
Changed: Aug 11
Last Checked: Aug 22 at 8:44AM
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 CBRE - Des Moines
Investment Insights
Based on property information with market context.
The subject property is a freestanding 7,200 SF building located in Mount Ayr, Iowa. Situated along Hwy-169 in the center of town, the property has been occupied by Dollar General since its construction in 2002. The tenant recently extended its lease for an additional 6 years, demonstrating a commitment to the location. Roof sealing was completed in 2024, and the parking lot has been recently improved. The lease includes two remaining 5-year extension options with 10% increases. The tenant participates in a National Insurance Program, paying insurance directly and is responsible for minor repairs less than $1000 per occurrence. Dollar General reimburses in full for taxes.
Key Highlights
- Long‑term lease with Dollar General, recently extended for 6 years, indicating a stable investment.
- Strategic location on Hwy‑169 in the center of Mount Ayr, Iowa.
- Tenant (Dollar General) reimburses property taxes in full.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
246
Businesses Nearby
11k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 78%
Dining 22%
Dollar General
Shops & Services
4,014 visits/mo
0.1 miles
SUBWAY
Dining
2,469 visits/mo
0.1 miles
Cenex
Shops & Services
1,417 visits/mo
0.2 miles
Napa Auto Parts
Shops & Services
1,104 visits/mo
0.1 miles
U.S. Bank
Shops & Services
1,094 visits/mo
0.2 miles
Demographics for 50854, IA
2,223
Population
1,070
Households
2.1
Avg Household Size
45
Median Age
26%
College-Educated
95%
High-School Grad
138.9 sq mi
ZIP Area
16
Density / Sq Mi
$69,352
Median Household Income
$41,122
Median Earnings
$712
Median Rent
$151,400
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
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Similar Off Market Nearby
- Hy-Vee Grocery Store — 201 N Fillmore St, Mt Ayr, IA 50854
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - 7,200 SF building occupied by Dollar General.
Where is this grocery and convenience store located?
The property is located at 200 East South Street Mount Ayr, IA.
What is the asking price?
The asking price for this property is $555,375.
What are key features of this property?
This property features: Long‑term lease with Dollar General, recently extended for 6 years, indicating a stable investment.; Strategic location on Hwy‑169 in the center of Mount Ayr, Iowa.; Tenant (Dollar General) reimburses property taxes in full.
