• Dollar General recently exercised an early five-year lease extension, demonstrating a strong commitment to this location.
• Attractive 8% return on a stabilized investment-grade credit tenant.
• Close proximity to Adventureland Resort, Prairie Meadows Racetrack and Casino, and Iowa Speedway — three major regional attractions that generate consistent consumer traffic and support surrounding retail demand.
• Mitchellville, IA is located less than 20 miles from Des Moines, the state capital and largest metropolitan area, with a population exceeding 212,000.
• Minimal competition — the nearest national dollar-store competitor is 8+ 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