Details

Multi-Tenant Dollar General

1528 Camanche Ave, Clinton, IA

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hIGHLIGHTS

Size:23,564 SF

Price:$850,000.00

CAP RATE:11.93%

NOI:$75,735.00

PROPERTY
OVERVIEw

DETAILS

• 23,564 SF building
• Anchored by long term Dollar General
• Fully leased
• Dollar General and Rent-A-Center have each exercised multiple extensions to remain at the property.
• Substantial Roof and parking lot repairs have been made within the last year.
• Strong/recession resistant co-tenancy makeup.
• Landlord responsibilities limited with reimbursements and CAM contributions.

InCommercial Property Group is pleased to exclusively market for sale a multi-tenant Dollar General property in Clinton, IA. The Clinton area offers astonishing riverfront views and amenities, year-round attractions and events, live theater, craft and antique shops, as well as unique restaurants and historic districts. The 23,564 SF building is being offered for $950,000 at a 10.67% cap rate. The Dollar General anchored property is fully leased with co-tenancy of a Rent-A-Center and Pawn Central. Rent-A-Center is on a triple net lease signed by corporate. Pawn Central is on a net lease paying pro-rata share of CAM expenses. Dollar General is a credit tenant and is publicly traded on the New York Stock Exchange (Symbol: DG). Rent-A-Center is also a credit tenant and is publicly traded on the New York Stock Exchange (Symbol: RCII).

Broker of Record: Brian Brockman | Bang Realty, Inc. | License # 701472

Location

Contact

Michael Mintz

Vice President, Brokerage

(847) 648-1717

MMintz@InCommercialRE.com

Brian Brockman

Bang Realty (License #701472)

(312) 243-0100

info@incommercialre.com