For Sale
$1,196,000
1609 Norwood Dr Algona, IA 50511
Family Dollar/Dollar Tree Net Lease
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 133
Highlights
- 22,000-square-foot retail property in Algona, IA, leased to Dollar Tree and Family Dollar.
- Corporate-guaranteed net lease with approximately 8.5 years remaining and five 5-year options.
- 7.75% cap rate and $92,625 NOI; asking price $1,196,000 ($54.36/SF).
- Located on a 2.94-acre lot at 1609 E Norwood Dr, Algona, IA 50511.
- Built in 1975, renovated in 2023.
Property Details for 1609 Norwood Dr
- Property type
- Retail properties, Grocery and convenience stores
- Square Feet
- 22,000 SF
- Year Built/Renovated
- 1975/2023
- Lot Size (sq. ft)
- 128,066 SF
Location Insight
- City
- Algona
- County
- Kossuth
- State
- Iowa
- Latitude
- 43.0814775
- Longitude
- -94.2285811
Nearby Similar for Sale
FAQs
- What type of property is this?
- Retail property - Family Dollar/Dollar Tree Net Lease
- Where is the retail property located?
- The property is located at 1609 Norwood Dr Algona, IA.
- What is the asking price?
- The asking price for this property is $1,196,000.
- What are key features of this property?
- This property features: 22,000-square-foot retail property in Algona, IA, leased to Dollar Tree and Family Dollar.; Corporate-guaranteed net lease with approximately 8.5 years remaining and five 5-year options.; 7.75% cap rate and $92,625 NOI; asking price $1,196,000 ($54.36/SF).
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