314 Main St Anamosa, IA 52205-1164

This exceptional investment opportunity features a 8,630 square foot Dollar General store in Anamosa, Iowa, situated on a 0.61-acre lot at 314 W Main St, zip code 52205. The property boasts a strong 8.75% cap rate and a substantial net operating income (NOI) of $72,000 annually. Built in 1970, this single-story building benefits from a long-term net lease with Dollar General, commencing October 1, 1996, and expiring September 30, 2028, with two five-year renewal options, each including a 10% rent increase. The tenant contributes $600 monthly towards property taxes and $500 monthly for common area maintenance (CAM), minimizing landlord expenses. The tenant also covers repairs under $1,000. The property's strategic location on Main Street, a revitalized downtown area benefiting from the Main Street Iowa program, ensures high visibility and consistent foot traffic. With nearly 11,000 vehicles passing daily, a one-mile population of 4,539 (projected 5% growth in five years), and an average household income of $87,751 within a five-mile radius, this investment offers exceptional stability and growth potential. The presence of the Anamosa State Penitentiary and Jones Regional Medical Center further strengthens the local economy and demand for retail services. This property represents a secure, high-yield investment with a nationally recognized tenant and a proven track record of success.