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.
Preston is located in Iowa. Preston, Iowa has a population of 1,086. Preston is less family-centric than the surrounding county with 27.08% of the households containing married families with children. The county average for households married with children is 28.78%.
The median household income in Preston, Iowa is $76,779. The median household income for the surrounding county is $65,541 compared to the national median of $69,021. The median age of people living in Preston is 36.3 years.
The average high temperature in July is 84.2 degrees, with an average low temperature in January of 11.1 degrees. The average rainfall is approximately 35.4 inches per year, with 28.5 inches of snow per year.
