903 Grundy Ave Reinbeck, IA 50669-1008

This exceptional investment opportunity presents a 9,100-square-foot Dollar General store located at 903 Grundy Ave, Reinbeck, IA 50669. The property boasts a strong 7.15% cap rate and a substantial net operating income (NOI) of $88,400. Built in 2020, this absolute triple-net (NNN) lease offers zero landlord responsibilities, providing a passive income stream. The lease with Dollar General, a tenant with a BBB credit rating, features a corporate guarantee and a remaining term of 11.1 years, extending to December 31, 2035, with five 5-year renewal options. The property benefits from a prime location on Grundy Ave, experiencing 2,500 vehicles per day, and serves a market with an average household income within a 2-mile and 5-mile radius estimated at $88,000. The asking price is $1,236,364, translating to $135.86 per square foot. This is a recession-resistant investment, as evidenced by Dollar General's historical profitability and recognition for its response to the COVID-19 pandemic. The property enjoys a lack of direct competition in the immediate area. This is an ideal opportunity for investors seeking a stable, long-term, and low-maintenance income-generating asset.