401 White Street, Preston, IA 52069
MLS Number: 2601329 |
Subtype: Commercial | Area: OT-E (East of I-380)
$
1,095,533
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.
Property
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County: Jackson
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Lot Size: 66647
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Acres: 1.5300
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Year Built: 2017
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Zoning: Comm
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Gross tax: $26,155.00
Building
Total Building SF: 9,283
Ceiling Height: 7ft-10ft
Utilities
Utilities: Electricity Available, Natural Gas Available
Heating/Cooling: Central Heat, Central Air
Water Source: City Water
Sewer: City Sewer
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