325 6Th StManning, IA 51455

This exceptional investment opportunity presents a 9,100 square foot Dollar General store in Manning, Iowa, situated on a 1.5-acre lot. Built in 2016, the single-story building operates under an Absolute NNN lease with a corporate guarantee from Dollar General, a Fortune 500 company. The current lease, commencing November 1, 2024, and expiring October 31, 2034, includes a recently exercised 10-year extension with six additional five-year option periods, each featuring a 10% rent increase. The property boasts a 7.25% cap rate and a strong NOI of $83,140. Its strategic location, less than a mile from Manning Regional Healthcare Center, a major local employer, and its status as the only dollar store within a five-mile radius, ensures consistent high traffic and market dominance. The property's financial strength is further enhanced by the built-in rent escalations throughout the extended lease term, providing a secure and appreciating asset. This is a rare opportunity to acquire a high-performing retail property with a long-term, stable tenant and significant upside potential. The asking price is $1,147,000, representing a price per square foot of $126.04. The property's current annual rent is $83,140, projected to increase to $147,288 annually by the end of the lease term. This investment offers a compelling combination of stability, growth, and strong cash flow.