410 High StRockwell City, IA 50579

Property Details for 410 High St

Year built

2004

Lot size

1.09 AC

Property size (Sq ft)

9,100 SF

Property type

Retail space

APN

883230380011

APU

883230380011

Description

This exceptional investment opportunity presents a 9,014-square-foot freestanding Dollar General store situated on a 1.09-acre lot in Rockwell City, Iowa. Built in 2004, this single-story building boasts 100% occupancy with a strong, established tenant under a Net Net (NN) lease with six years remaining. The property is strategically located on High Street/240th Street, conveniently south of Highway 20, a major east-west thoroughfare in central Iowa. The asking price is $734,400, representing a compelling $81.47 per square foot and a 6.62% cap rate. The lease agreement includes significant tenant reimbursements: the tenant covers all real estate taxes and insurance. Furthermore, during the second option period, the tenant reimburses up to $3,516 annually for parking lot maintenance and pays 2.5% percentage rent on annual retail sales exceeding $1.53 million. This property offers a secure, passive income stream with built-in growth potential, making it an ideal addition to any diversified investment portfolio. The property's prime location and the strength of the Dollar General tenant combine to create a highly attractive investment opportunity. This is a rare chance to acquire a well-established, income-producing retail property in a stable market.

• CAP approach

  CAP return

  Valuation

  6%

  $1,932,434

  6.5%

  $1,783,785

  7%

  $1,656,372

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,170,449

  Geo Method

  $1,170,449

• Alternative Use

  Use

  Valuation

  Residential

  $1,504,689

  Hospitality

  $1,378,287

  Educational

  $1,146,719

  Medical

  $1,186,156

  Retail

  $1,783,785

Location Insight

City

Rockwell City

County

Calhoun

State

Iowa

Latitude

42.3995

Longitude

-94.622

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].