1609 German Ave Holstein, IA 51025
- Retail properties
- 9,100 SF
- 1.35 lot acres
Current Use by Public Records
- Dollar General / General Store / Seasonal Goods Store
- Western Union / Money Transfer Service
- Redbox / Movie Rental Kiosk / Dvd Store
Property Details for 1609 German Ave
- Year built
- 2017
- Lot size
- 1.35 lot acres
- Property size
- 9,100 SF
- Property type
- Retail properties
- Property subtype
- Grocery and convenience stores
Description
This exceptional investment opportunity presents a 9,100 square foot Dollar General store in Holstein, IA, built in 2017 on a 1.35-acre lot. The property boasts a strong 7.50% cap rate and a substantial net operating income (NOI) of $88,877. The absolute NNN lease with a credit-rated tenant, Dollar General, provides minimal management responsibilities and ensures long-term passive income. With approximately eight years remaining on the initial 15-year lease, the lease includes five, 5-year options with 10% rent bumps. The property is strategically located at 1609 German Ave, Holstein, IA 51025, approximately 45 miles east of Sioux City, IA, and benefits from minimal competition within a 10-mile radius. This stabilized investment-grade property offers a secure and attractive return, backed by a tenant with a BBB (S&P) credit rating and a significant market presence. The asking price is $1,183,829, translating to $130.09 per square foot. Dollar General's proven resilience and continued expansion plans further solidify this investment's long-term potential. The property's location, tenant strength, and lease terms combine to create a compelling opportunity for passive income generation.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Holstein
- County
- Ida
- State
- Iowa
- Longitude
- -95.5379
- Latitude
- 42.4736
