1102 Chatburn AveHarlan, IA 51537

This exceptional investment opportunity presents a fee-simple ownership of a 9,014 square foot Dollar General store located at 1102 Chatburn Ave, Harlan, IA 51537. Built in 2005 and remodeled in 2023, this single-tenant property boasts a corporate-guaranteed, Net-Net lease with a remaining term of approximately 3.4 years, plus two five-year renewal options with 12% rent bumps. The property sits on a 0.92-acre lot and features a concrete parking lot. Landlord responsibilities are limited to roof, structure, and parking lot maintenance. The tenant, Dollar General, is responsible for repairs under $1,000 and snow removal. The tenant also contributes $563.38 monthly towards common area maintenance. This location is a top performer, ranking in the top 5% of all Iowa Dollar General stores and the top 11% nationally, based on Placer AI data. The property offers a stabilized investment with a 7.94% cap rate and a strong NOI of $73,434. The asking price is $925,000, translating to $102.62 per square foot. The property's prime location on Chatburn Avenue, a main thoroughfare with an AADT of 6,400, serves a population of 5,797 within a 5-mile radius, boasting an average household income of $85,321. This is a rare opportunity to acquire a high-performing, low-maintenance retail asset with a strong tenant and significant upside potential. The property's APN is 833150000014.