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801 Laurel St
Creston, IA 50801

$1,200,000 USD

Storefront For Sale  •  8,000 SF

Property Details

  • Property Type Storefront
  • Total Building Size 8,000 SF
  • Lot Size 1.54 AC
  • Building Class B
  • Year Built 2016
  • Cap Rate 7.50 %
  • Tenancy Single
  • Zoning Commercial
40 Walk Score

Highlights

The property is a Walmart shadow anchored site and benefits from significant crossover traffic generated by one of the most powerful retail anchors.
A new lease extension through August, 2031 has been executed by Dollar Tree, demonstrating a strong commitment to the location.
The property is strategically positioned in a dense retail trade area with a strong concentration of national & regional retailers including Walmart.
Minimal landlord responsibilities as the tenant is responsible for everything except roof and structure, delivering a near-passive ownership.
2016 construction situated on a generous 1.54-acre parcel with ample parking and strong visibility along Laurel Street in Creston, IA.
Corporate guaranteed lease backed by Dollar Tree Stores, Inc. (NASDAQ: DLTR), one of the largest discount retailers in the United States.
Cap Rate: 7.50 %

Major Tenants

Tenant SF Occupied Lease End Date
Dollar Tree 8,000 SF 8/31/2031

Public Transportation

Commuter RailDriveWalkDistance
Creston Amtrak (California Zephyr - Amtrak) 2 min 20 min 1.1 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 12
Type: Surface
Included in Rent: Yes
Evan Beeson 612-432-9935 Sands Investment Group
Evan Beeson 612-432-9935 Sands Investment Group