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.
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.
