Retail

Dollar General - Cresco IA

419 2nd Ave SE Cresco, IA United States 52136
Asking Price
Area Size
NOI Net Operating Income
NIY

Documents

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Attributes

Year Built 2017
Building Area Gross
Occupancy 100.0 %

Asset Description

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to exclusively offer for sale the fee-simple interest in a single-tenant retail property located in the Cresco, Iowa. The tenant, Dollar General, is number 91 on the Fortune 500 list and boasts an investment-grade credit rating. Established in 1939, Dollar General is a dominant discount retailer with a history of sustained growth and plans for continued expansion. The property is fully occupied with nearly 10 years remaining on the tenant's lease. This triple net investment presents a unique opportunity to obtain steady, reliable cash flows from a credit tenant while having minimal management responsibilities with the net lease structure. 

Investment Highlights

  • This absolute triple net lease has nearly 10 years remaining 
  • The building is conveniently located on Highway 9, the highest trafficked street in Cresco
  • Dollar General is an established Fortune 100 corporation boasting an investment-grade credit rating
  • As the county seat for Howard County, Cresco offers stability as an agricultural and government hub
  • The Cresco market is larger than Dollar General's average market
  • Dollar general has a long history of sustained growth, with total sales increasing even during the Covid-19 Pandemic


Last Updated Date: 25 Apr 2022

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Last Updated Date: 25 Apr 2022

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