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200 South St Mount Ayr, IA 50854

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7,200 SF Dollar General, Iowa

Property size:
7,200 SF

Property Features for 200 South St

General Information

Property type
Retail space
Square Feet
7,200 SF

Building Details

Year Built
2002

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Listing Contact
David Eckley
David Eckley

Listing Agency: CBRE Des Moines Listing Agent: David Eckley

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

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 Profile Location Intelligence

Current Use by Public Records

Retail space

Suggested Use

Real Estate Agency Restaurant Law Firm Spa & Massage Center Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center Big Box & Wholesale Store

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

Location Insight

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

FAQs

What type of property is this?
Retail space - 7,200 SF Dollar General, Iowa
Where is this retail space 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.
(515) 314-1715 Call to check price and availability
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