Description
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 Highlights
Property Type: Commercial - Business
Building Description: 1.0 stories
Year Built: 2017
Lot Size: 1.53 acres
General Information
County: Jackson
Listed By:
SKOGMAN REALTY COMMERCIAL
319-363-8286
Tiffany Earl Williams-WSG CRE
Cedar Rapids MLS
MLS ID: 2601329
Shown By
Agent Name: Jamie Wiley
Agent Phone: (224) 383-8365
Agency Title: Ruhl&Ruhl Realtors
Agent Email:
Get in Touch
Shown By
Agent Name: Jamie Wiley
Agent Phone: (224) 383-8365
Agency Title: Ruhl&Ruhl Realtors
Agent Email:
Contact an agent to learn more about
401 E White Street, Preston, IA 52069.
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| Loan Type | FHA 30 Year Fixed | 15 Year Fixed | VA 30 year fixed |
| Purchase Price | $1,095,533 | $1,095,533 | $1,095,533 |
| Down Payment | $38,344 | $273,883 | $0 |
| Monthly Mortgage Amount | $6,536 | $6,714 | $6,800 |
| Taxes | $1525 | $1525 | $1525 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $657 | $0 | $0 |
| Monthly Estimated Total | $9,038 | $8,559 | $8,645 |
About this area
Find homes for sale in Preston, Iowa, and learn about the local community and real estate market.
Preston, IA is located in Jackson County. The town was established as a result of the railroad coming through the area in the mid-to-late 19th century. As of 2010, the population was slightly above 1,000. The community is active and vibrant, and it is about a 50-minute drive from both the Quad Cities and Dubuque.
Ruhl&Ruhl Realtors has plenty of homes for sale in Preston, IA for you to choose from. Continue browsing this page to see all houses for sale and real estate options in Preston and if you need to do a little more research before buying, check out the pages below for additional real estate options.
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Nearest Ruhl&Ruhl Office
301 North Second Street
Clinton, IA 52732
Phone Number: (563) 441-1776