106 N Locust Street Jefferson, IA 50129

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 insu...rance, 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. Continue reading