106 N Locust Street $475,000

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    106 N Locust Street Jefferson, IA 50169

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    $475,000

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    • 11,652 sq. ft.
    • 0.63 Acres
    • Commercial
    • MLS# 708224
    106 N Locust Street, Jefferson, IA 50169
    Full gallery available exclusively for members
    Listing provided courtesy of: Platinum Realty LLC; (515) 368-2454
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    Property Details

    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.

    • General Features
      • YearBuilt 1984
      • Community Features Sidewalks
      • Area Jefferson
    • Building Features
      • Full Bathrooms 0
      • Half Bathrooms 0
      • Building Area Total 11652.0
      • Cooling See Remarks
      • Foundation Details Block
      • Roof Metal, Rubber
      • Heating Natural Gas, See Remarks
    • Property Features
      • Lot Features Rectangular Lot
      • Lot Size Acres 0.63
      • Sewer Public Sewer

    Contact

    Seth Fisher

    Seth Fisher

    Associate

    Iowa

    RE/MAX Concepts

    Mobile Phone: 515-205-4744

    Neighborhood

    Neighborhood Details available exclusively for My Property Finder members

    Property History

    Date Event Price Percent Change
    -- Current Price Source: Multiple Listing Service New Value: $475,000
    11/22/2024 2:16:00 PM New in Database Source: Multiple Listing Service New Value: $475,000

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    Listing information is provided in part by the Internet Data Exchange (IDX) program of Des Moines Area Association of REALTORS®, Inc. The information on this website 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. All information provided is deemed reliable but is not guaranteed and should be independently verified. Copyright 2024 Des Moines Area Association of REALTORS®, Inc. All rights reserved.

    Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.