Dollar General
Single-Tenant Offerings
Dollar General
E Bow Dr. & N 2nd St.
Cherokee, IA
- Price:
- $2,386,000
- Cap Rate:
- 6.75%
- NOI:
- $161,052
- Rentable SQFT:
- 10,640 SF
- Year Built:
- 2026
- Lot Size:
- 1.40 +/- Acres
- Lease Type:
- Absolute NNN
- Status:
- Available
Investment Highlights
- 15-Year Absolute NNN Lease, No Landlord Responsibilities
- 5% Rental Increases Every 5 Years Throughout the Base Term and Options
- Relocation of High-Performing Store, Proven Concept in Trade Area
- Investment Grade Credit Tenant (Rated ‘BBB’ by S&P), #112 on Fortune 500 in 2025
- Dollar General is the Nation’s Largest Retailer with 20,450+ Stores
- Classified Nationally as an Essential Retailer for Daily Shopping Needs
- Strategic Location, Nearest Dollar General and Family Dollar Store is Over 20 Miles Away
- Surrounded by Affluent Communities, Average Household Incomes Exceed $77,000 in 1 Mile and $79,000 in 3 Miles
- Hard Corner Location at Signalized Intersection with XX Cars/Day
- Walking Distance to Newly Renovated Cherokee Regional Medical Center Campus
- Less Than 1 Mile to K-12 Schools with 1,200+ Students
- 1.5 Miles to 670,000 SF Hy-Vee Distribution Center with 545 Employees
- Just East of Loess Hills Region Attracting 1.3 Million Visitors Annually
- Close Proximity to the Iowa Great Lakes Region with 700,000 Visitors Annually
- Tourism is a Major and Rapidly Growing Economic Driver in Northwest Iowa
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