119 Madison Ave Donnellson, IA 52625-9620

This exceptional investment opportunity presents a 9,026 square foot Dollar General store in Donnellson, Iowa. Located at 119 Madison Ave, 52625, this 2017 build-to-suit property sits on a 1.2-acre lot and boasts an absolute NNN lease with approximately eight years remaining on a fifteen-year term, expiring February 29, 2032. The lease includes five, five-year renewal options with a 10% rent increase at each option. The property generates a strong net operating income (NOI) of $89,900, resulting in an attractive 7.50% cap rate. Dollar General, a credit-rated tenant with a BBB (S&P) rating, provides significant financial stability and minimal management responsibilities for the investor. This location is exceptionally strong, ranking in the top 96th percentile of Iowa Dollar General stores (13 out of 321) as of July 2024, according to AlphaMaps. With minimal competition (the nearest national dollar store competitor is over 10 miles away), this property offers a compelling combination of high yield, low risk, and long-term passive income potential. The asking price is $1,198,667.