225 Colonel Drive

    Columbus Junction, IA 52738
    • $695,000
    • STATUS: Active
    • ON SITE: 72 days
    • MLS #: 1905820
    UPDATED: 52 min ago
    $695,000
    • 0
      BEDS
    • 1.26
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 8,125
      SQFT
    • $86
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    2004
    County:

    School Ratings & Info

    Description

    Dollar General Investment Property. The property was a built-to-suit for Dollar General in 2004. Dollar General exercised their lease renewal extending their lease through February 28th 2025. The lease has 1 five-year lease renewal option period. Monthly rent is $4,485.00 and increases to $4,900/month on March 1st 2020. Dollar General is responsible for the entire cost of minor repairs and replacement of all such equipment up to $1,000 per occurrence. Dollar General shall reimburse for taxes, insurance premiums and common area maintenance. Dollar General pays landlord $231 per month for parking lot maintenance. Dollar General pays percentage rent of 3% for sales over the breakpoint in sales. Property must be purchased with the Dollar General Store located at 523 S 4th Street Guttenberg Iowa MLS # 1905698.

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    © 2019 Cedar Rapids Area Association of REALTORS® Multiple Listing Service, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Graf Home Selling Team & Associates. Data last updated: 2019-10-19T14:42:34.55.
    www.cedarrapidsareahomes.com/homes/97667121

    225 Colonel Drive Columbus Junction, IA 52738

    • Price: $695,000
    • Status: Active
    • Updated: 52 min ago
    • MLS #: 1905820
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.26
    Acres
    8,125
    SQFT
    $86
    $/SQFT
    2004
    Built
    Neighborhood:
    OT-E (East Of I-380)
    County:
    Louisa
    Area:
    OT-E (East Of I-380)
    Property Description
    Dollar General Investment Property. The property was a built-to-suit for Dollar General in 2004. Dollar General exercised their lease renewal extending their lease through February 28th 2025. The lease has 1 five-year lease renewal option period. Monthly rent is $4,485.00 and increases to $4,900/month on March 1st 2020. Dollar General is responsible for the entire cost of minor repairs and replacement of all such equipment up to $1,000 per occurrence. Dollar General shall reimburse for taxes, insurance premiums and common area maintenance. Dollar General pays landlord $231 per month for parking lot maintenance. Dollar General pays percentage rent of 3% for sales over the breakpoint in sales. Property must be purchased with the Dollar General Store located at 523 S 4th Street Guttenberg Iowa MLS # 1905698.
    Exterior Features

    Lot Size Irregular

    Interior Features

    Basement YN No

    Property Features

    Building Description Single Tenant For Lease No For Sale Yes Gross Tax 13135 Net Tax 13135 Possession 5/20/19 Property Sub Types Investment Restricted Listing Yes Sale Includes BuildingLand Terms Cash Trade Bldg Business Name Dollar General Zoning Com

    Listing information © 2019 Cedar Rapids Area Association of REALTORS® Multiple Listing Service.
    Listing provided courtesy of Jeremy Tipton of Iowa Realty Commercial.
    © 2019 Cedar Rapids Area Association of REALTORS® Multiple Listing Service, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Graf Home Selling Team & Associates. Data last updated: 2019-10-19T14:42:34.55.
     
    The Graf Home Selling Team & Associates
    1190 Twixt Town Rd NE
    Cedar Rapids IA, 52402