410 High St Rockwell City, IA 50579
- Retail space
- 9,100 SF
- 1.09 lot acres
Current Use by Public Records
- Retail space
Property Details for 410 High St
- Year built
- 2004
- Lot size
- 1.09 lot acres
- Property size
- 9,100 SF
- Property type
- Retail space
- APN
- 883230380011
- APU
- 883230380011
Description
This exceptional investment opportunity presents a 9,014-square-foot freestanding Dollar General store situated on a 1.09-acre lot in Rockwell City, Iowa. Built in 2004, this single-story building boasts 100% occupancy with a strong, established tenant under a Net Net (NN) lease with six years remaining. The property is strategically located on High Street/240th Street, conveniently south of Highway 20, a major east-west thoroughfare in central Iowa. The asking price is $734,400, representing a compelling $81.47 per square foot and a 6.62% cap rate. The lease agreement includes significant tenant reimbursements: the tenant covers all real estate taxes and insurance. Furthermore, during the second option period, the tenant reimburses up to $3,516 annually for parking lot maintenance and pays 2.5% percentage rent on annual retail sales exceeding $1.53 million. This property offers a secure, passive income stream with built-in growth potential, making it an ideal addition to any diversified investment portfolio. The property's prime location and the strength of the Dollar General tenant combine to create a highly attractive investment opportunity. This is a rare chance to acquire a well-established, income-producing retail property in a stable market.
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
- Rockwell City
- County
- Calhoun
- State
- Iowa
- Longitude
- -94.622
- Latitude
- 42.3995
