704 Jackson St Sigourney, IA 52591-1728

This exceptional investment opportunity presents a fee-simple ownership of a 10,542-square-foot Dollar General store in Sigourney, Iowa. Built in 2021, the property boasts a 100% occupancy rate with a corporate-guaranteed absolute triple-net (NNN) lease, ensuring minimal landlord responsibilities. The lease commenced June 30, 2021, and has a remaining term of 11.6 years, extending to June 30, 2036, with five, five-year renewal options, each including a 10% rent increase. The current annual net operating income (NOI) is $99,616, representing a 7.30% capitalization rate on the asking price of $1,364,603. Situated on a 1.24-acre lot at 704 E Jackson St, Sigourney, IA 52591, this location benefits from high visibility on a main thoroughfare. The property is strategically located in a thriving community, serving as the county seat for Keokuk County and offering proximity to key amenities and services. The tenant is responsible for all property expenses including insurance, common area maintenance, roof, structure, and real estate taxes. This is a low-maintenance, high-return investment with significant long-term potential. The average household income within a one-mile radius exceeds $75,000.