401 E White ST, Preston, IA 52069
$1,095,533
Est. payment /mo
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9,283 SqFt
Active

401 E White ST Preston, IA 52069

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Randon Hill

Randon Hill

+1(319) 777-2127

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Key Details

Property Type Commercial

Sub Type Investment

Listing Status Active

Purchase Type For Sale

Square Footage 9,283 sqft

Price per Sqft $118

MLS Listing ID 2601329

HOA Y/N No

Total Fin. Sqft 9283

Year Built 2017

Annual Tax Amount $26,155

Lot Size 1.530 Acres

Acres 1.53

Property Sub-Type Investment

Property Description

Single-tenant Dollar General located at 401 E White Street in Preston, Iowa. Built in 2017, this 9,370 SF property is leased to Dollar General under a triple-net (NNN) lease with no landlord responsibilities. The lease runs through August 1, 2032, with approximately 6.4 years remaining and three (3) five-year renewal options featuring 10% rent increases. Current NOI is $82,175, offered at a 7.50% cap rate with an asking price of $1,095,533. Corporate-guaranteed lease. Established operating history at the site since 2017. Ideal for investors seeking stable, passive income with built-in rental growth.

Location

State IA

County Jackson

Area Ot-E (East Of I-380)

Zoning Comm

Interior

Interior Features InteriorFeatures

Heating Central

Cooling Central Air

Flooring Concrete

Inclusions Building, Land

Fireplace No

Exterior

Parking Features Off Street

Utilities Available Electricity Available, Natural Gas Available

Water Access Desc Public

Roof Type Metal

Building

Building Description Block,Frame,Concrete, Private Restrooms,Single-Tenant

Story 1

Entry Level One

Sewer Public Sewer

Water Public

Level or Stories One

Structure Type Block,Frame,Concrete

Others

Tax ID 882028327012000

Acceptable Financing Cash

Listing Terms Cash

Listed by SKOGMAN REALTY COMMERCIAL

NEARBY SCHOOL & BUSINESS

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Randon Hill

Randon Hill

Agent | License ID: S67555

+1(319) 777-2127

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401 E White ST