Commercial Sale For Sale

106 Locust Street, Jefferson, Iowa 50169

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Property Description

Dollar General has been in place since November of 2001. Current lease runs through 10/31/2028 with (1) additional 5-year renewal through 10/31/2033. Landlord is responsible for all structural building components and HVAC replacement. Dollar General reimburses for real estate taxes, property insurance, parking lot maintenance and snow removal. Dollar General is also responsible glass, interior maintenance and upkeep as well as minor repairs and maintenance to HVAC. NOI is $37,100 resulting in a 7.81% cap rate. See documents for lease terms.

Property is a high quality free-standing concrete block commercial building leased to Dollar General. Eave height is 17′. Roof is pre-engineered steel frame with a metal cover and rubber seal. Property is 100% sprinkled and 100% climate controlled with rooftop HVAC unit. Electrical service is ample with 1,200 Amp 3-Phase Service. There is a loading dock with 8′ x 8′ dock door and 528 SF truck well.

Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Price : $475,000
Status : Active
Year Built : 1984
Lot Area : 0.63 Acre
Features
Heating System : See remarks, Natural Gas
Cooling System : See remarks
Water/Sewer : Public Sewer
Construction
Roof Deck : Rubber, Metal
Foundation : Poured, Block
Zoning : CBC
Other
CommunityFeatures : Sidewalks
LotSizeArea : 0.63 Sqft
MLSAreaMajor : Jefferson
LotSizeSquareFeet : 27,588 Sqft
TaxAnnualAmount : $7,914
LotFeatures : Rectangular Lot
BuildingAreaTotal : 11,652 Sqft
Insurance Fee : $0
Taxes : $0
Listing Office Info
Listing ID : 708224
List Office MLSID : PRL
List Office Name : Platinum Realty LLC
List Agent Email : kpedersen@movewithplatinum.com
List Agent Full Name : Pedersen, Kyle
List Agent MLSID : 500575
List Agent Cell Phone : (515) 368-2454
Location
Street Number : 106
Street Suffix : Street
Street : Locust
Country : US
State : IA
County : Greene
City : Jefferson
Zipcode : 50169
Longitude : W95° 37' 39''
Latitude : N42° 0' 57.2''
Parcel Number : 1108194006
StreetDirPrefix : N
Directions : From S Elm Street (Iowa Highway 4) head east along E Lincoln Way four blocks and then north along N Locust.
Commercial Sale For Sale
  • Listing ID : 708224
  • Lot Area : 0.63 Acre
  • Visits : 3 in 1 days
$475,000
Agent info
Matt Karjalahti
RE/MAX Partners Realty
932 Main St., Grinnell, IA 50012
Contact Agent

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