Nevada, IA - Dollar General

Description:

SRS Real Estate Partners, LLC in collaboration with Gateway Real Estate Advisors is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased, Dollar General Market investment property located in Nevada, Iowa. The tenant, Dolgencorp, LLC, recently signed a brand new 15-year lease with 5 (5-year) options to extend, demonstrating their commitment to the site. The lease features 5% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is NNN with minimal landlord responsibilities making it an ideal, low-management investment opportunity for a passive investor.

The Dollar General Market is located near the signalized, hard-corner intersection of Lincoln Highway and 6th Street. 6th Street averages over 5,000 vehicles passing by daily and is a major retail thoroughfare serving the city of Nevada. The asset is located just miles from US Highway 30, which sees an average of 16,300 vehicles pass through daily. The property is in the center of a primary retail corridor with other nearby national/credit tenants including Starbucks, Subway, Ace Hardware, State Farm, HR Block, Edward Jones, and more. In addition, Dollar General Market is located in close proximity to a shopping corridor that features national/credit tenants such as McDonald’s, Dollar General, Casey’s, and Anytime Fitness, further increasing consumer traffic to the site. The 10-mile trade area is supported by a population of over 62,600 with an affluent average household income of $96,437.

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