• Dollar General recently exercised a five-year lease extension, demonstrating a strong commitment to this location.
• Attractive 8% return on a stabilized investment-grade credit tenant.
• Madrid, IA, is ±18 miles northeast of Ames, home to Iowa State University with a population of 69,026, and ±30 miles south of Des Moines, Iowa’s capital city, with a population exceeding 212,000.
• Subject property is located directly across from Meadow Estates, a 97-unit mobile home community, and just one mile from Madrid Junior & Senior High School, providing a built-in customer base, consistent daily traffic, and strong community connectivity.
• Minimal competition — the nearest national dollar-store competitor is 12+ miles away.
• Dollar General boasts an investment-grade credit rating of BBB (S&P).
• Dollar General has ±20,000 locations and plans to continue their expansion for the foreseeable future.
• Dollar General has been considered an essential retailer and has proven to be one of the most profitable companies through the COVID-19 pandemic.
• Dollar General has a market cap of ±$23 billion.