2009 Commerce Dr Grundy Center, IA 50638

This exceptional retail investment opportunity presents a freestanding 9,014 square foot building located at 2009 Commerce Drive in Grundy Center, Iowa, a strategically advantageous location along Highway 14. The property is currently leased to Dolgencorp, LLC (Dollar General), a national tenant with a strong track record, under a Net-Net lease structure. The tenant recently completed a comprehensive interior remodel in 2024 and extended their lease, demonstrating significant commitment to this location. The lease extends until November 30, 2029, with two additional five-year renewal options, each including a $3,000 rent increase. The property boasts a strong Net Operating Income (NOI) of $45,000, resulting in an attractive 7.00% capitalization rate. Recent improvements include the 2024 interior remodel and parking lot repairs. The tenant is responsible for all property insurance (part of a national insurance program), and reimburses the owner in full for property taxes. Dollar General also handles minor repairs under $1,000. This is a rare opportunity to acquire a well-maintained, high-performing retail property with a stable, national tenant and significant upside potential. The asking price is $642,857.