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709 Highway 61 N
Wapello, IA 52653

$1,771,289 USD

Freestanding For Sale  •  12,668 SF

Property Details

  • Property Type Freestanding
  • Total Building Size 12,668 SF
  • Lot Size 2.28 AC
  • Year Built 2024
  • Cap Rate 7.40 %
  • Tenancy Single
  • Zoning Commercial
0 Transit Score
35 Walk Score

Highlights

Brand new 2024 build-to-suit construction for Dollar General Market
Relocation store from a previously existing site within the market
Attractive lease structure with 5% rent increases every 5 years throughout the initial term and options
Dollar General Market stores are DG’s grocery store concept and confirm that they are projecting a very large sale volume based off of their previous
15 years absolute NNN lease with zero Landlord responsibilities
Relocation stores confirm proven locations within an established customer base
Cap Rate: 7.40 %

Major Tenants

Tenant SF Occupied Lease End Date
DG Market

Parking Details

Parking Available: Yes
Reserved: No
Type: Surface
Included in Rent: Yes
Josh Bishop 214-692-2289 Matthews Real Estate Investment Services
Josh Bishop 214-692-2289 Matthews Real Estate Investment Services