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    200 South St Mount Ayr, IA 50854

    For Sale
    $634,724

    7,200 SF Dollar General, Iowa

    Property size:
    7,200 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional investment opportunity presents a freestanding 7,200 square foot retail building located at 200 E South St, Mount Ayr, Iowa, 50854. Ideally situated along Highway 169 in the heart of town, this property has been continuously occupied by Dollar General since its construction in 2002. The tenant, Dolgencorp, LLC, recently extended their lease through October 31, 2030, demonstrating a strong commitment to the location. The asking price is $634,724, offering a 7.00% capitalization rate with a net operating income (NOI) of $44,430. The lease is a triple-net (NNN) agreement, meaning the tenant is responsible for property taxes, insurance (through a national insurance program), and most repairs (those under $1000). Dollar General will reimburse the landlord in full for property taxes. The property benefits from recent improvements, including roof sealing in 2024 and parking lot upgrades. Two five-year lease extension options remain, each with a 10% rent increase. This presents a stable, long-term investment with a strong national tenant and a proven track record. The property is classified as a convenience store, grocery store, and storefront.

    Property Features for 200 South St

    General Information

    Property type
    Individual retail properties
    Square Feet
    7,200 SF

    Building Details

    Year Built
    2002

    HighLights

    • New roof seal (2024) and recently improved parking lot.
    • Two, five‑year lease extension options remain with 10% rent increases each.
    • Tenant (Dollar General) is responsible for their own insurance under the National Flood Insurance Program.
    • Dollar General handles minor repairs under $1,000.
    • Dollar General reimburses all property taxes.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Mount Ayr
    County
    Ringgold
    State
    Iowa
    Longitude
    -94.236327928566
    Latitude
    40.711366949429

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    FAQs

    What type of property is this?
    Individual retail property - 7,200 SF Dollar General, Iowa
    Where is this individual retail property located?
    The property is located at 200 South St Mount Ayr, IA.
    What is the asking price?
    The asking price for this property is $634,724.
    What are key features of this property?
    This property features: New roof seal (2024) and recently improved parking lot.; Two, five-year lease extension options remain with 10% rent increases each.; Tenant (Dollar General) is responsible for their own insurance under the National Flood Insurance Program.
    Request Owner's contact information
    200 South St Mount Ayr, IA 50854
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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
    200 South St Mount Ayr, IA 50854
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