INVESTMENT HIGHLIGHTS

• List price of $1,188,502 yielding a 7.50% cap rate.
• Over 11 years remaining on the primary term including Five, 5-Year options with 10% rental increases at the start of each option period.
• 2020 built-to-suit construction for Dollar General.
• The property is 1.38 acres and includes a concrete parking lot with 30 spaces.
• Absolute NNN lease with no management responsibilities, making this a perfect investment for passive investors.
• Strong local positioning located on the main corner in town.
• Corporate guarantee from Dollar General Corporation, a fortune 500, investment grade (S&P: BBB) tenant. Dollar General has over 21,000 locations nationwide and is one of the nation’s leading retailers.
• Wellman, IA is located just 20 miles southwest of Iowa City and there are no other competing dollar stores within a 20 mile radius.
• The property is located across the street from Mid-Prairie Community School District, serving roughly 1,418 students across its 5 schools. The district encompasses the communities of Wellman, Kalona, and West Chester, covering areas in Washington, Iowa, and Johnson counties, driving traffic to the property.