106 N Locust Street, Jefferson IA 50169

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Pending

$475,000

106 N Locust Street, Jefferson, IA 50169

bedrooms

bathrooms

square feet

Acreage

0.63

Open Houses

year built

1984

Full Baths

Half Baths

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Dollar General has been in place since November of 2001. Current lease runs through 10/31/2028 with (1) additional 5-year renewal through 10/31/2033. Landlord is responsible for all structural building components and HVAC replacement. Dollar General reimburses for real estate taxes, property insurance, parking lot maintenance and snow removal. Dollar General is also responsible glass, interior maintenance and upkeep as well as minor repairs and maintenance to HVAC. NOI is $37,100 resulting in a 7.81% cap rate. See documents for lease terms. Property is a high quality free-standing concrete block commercial building leased to Dollar General. Eave height is 17'. Roof is pre-engineered steel frame with a metal cover and rubber seal. Property is 100% sprinkled and 100% climate controlled with rooftop HVAC unit. Electrical service is ample with 1,200 Amp 3-Phase Service. There is a loading dock with 8' x 8' dock door and 528 SF truck well.

Location
Subdivision	-
County	Greene
Elementary School	-
Middle School	-
High School	-

Driving directions

Open houses

None scheduled.

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MLS number: 708224

Listing agent: Pedersen, Kyle

Listing broker: Platinum Realty (888) 220-0988

Copyright © 2025 Des Moines Area Association of REALTORS®, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. [source]

Last update: Thursday, January 30 2025 at 4:40 p.m. EST

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