707 2Nd Ave Sibley, IA 51249

This exceptional investment opportunity presents a brand-new, 10,500-square-foot Family Dollar/Dollar Tree dual-concept store located at 707 2nd Ave, Sibley, IA 51249. Built in 2023 and opened in December, this property boasts a 10.1-year net-net lease with four 5-year renewal options, each including a $0.50 per square foot rental rate increase. The lease is corporately guaranteed by Dollar Tree, holding an investment-grade credit rating of "BBB-". The property's strong financial performance is reflected in a 7.85% cap rate based on a net operating income (NOI) of $116,550, and an asking price of $1,484,713 ($141.40/SF). Situated on approximately 0.9 to 1.1 acres, this highly visible location benefits from 4,414 cars per day passing on 2nd Avenue, with convenient access via three ingress/egress points from both 1st and 2nd Avenues. Its strategic placement across from a Casey's and gas station further enhances its appeal. The strong demographics of the area, including a 3-mile average household income of $74,225 and a 10-mile population of 5,802, support the continued success of this established business. This property is an ideal acquisition for 1031 exchange buyers or passive investors seeking a secure, high-return investment in a proven, nationally recognized brand. The property is 100% occupied.