420 East Main St Sac City, IA 50583

This exceptional investment opportunity presents a 9,014 square foot freestanding Dollar General store situated on a 1.41-acre lot at 420 E Main St, Sac City, IA 50583. Built in 2004, the property boasts a strong 6.62% cap rate and a stabilized net lease (NN) with a credit-rated tenant. The lease, expiring September 30, 2029, offers a remaining term of 4.9 years. The property benefits from a 100% occupancy rate and a strategic location on Main Street/255th Street, conveniently positioned just south of Highway 20, a major east-west thoroughfare in central Iowa. The tenant, Dollar General, is responsible for real estate taxes and insurance, and contributes up to $3,335 annually towards parking lot maintenance. A notable feature is the inclusion of a 2.5% percentage rent clause exceeding $1.836 million in annual retail sales. The asking price is $734,400, translating to $81.47 per square foot. This single-story building presents a compelling investment opportunity with a secure tenant and attractive financial metrics. The property's prime location and established tenant history ensure a stable and potentially lucrative return on investment.