Dollar General for Sale in North English, IA
North English, IA
Key Investment Metrics
Price
$1,061,870
Cap Rate
8.0%
Net Operating Income
$84,949
Building Size
9184 SF
Land Area
2 Acres
Remaining Term
6 years
Lease Expiration
06/30/2032
Lease Type
Absolute NNN
Tenant Credit
Credit Rated
Year Built
2017
Tenancy
Single
Rent Increases
10% in Options
Property overview
Dollar General in North English
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 9,184 SF
- Land area
- 2 acres
- Year built
- 2017
- Lease type
- Absolute NNN
- Lease expiration
- 06/30/2032
Confirm current availability, pricing and lease terms through the inquiry form before relying on this listing.
Before you make an offer
Four things to verify
- 1
Lease and guaranty
Request the executed lease and amendments. Identify the legal tenant, guarantor and landlord obligations.
- 2
Income and expenses
Obtain the rent roll and operating statement supporting the advertised NOI and cap rate.
- 3
Property condition
Review survey, title, condition and environmental information relevant to this property.
- 4
Exchange requirements
For a 1031 exchange, confirm eligibility and deadlines with your qualified intermediary and tax adviser.