TBD Hwy 175 / 4th Street

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TBD Hwy 175 / 4th Street

Gowrie, IA 50543
Asking Price
$2.02M
Cap Rate
6.8%
Asset Type
Convenience Store Retail
Class
Class B

What's Special

Retail | 6.80% CAP | 9,100 SqFt <ul><li>​2026 Development Dollar General in Gowrie, IA - Rent Set to Commence October 2026</li><li>​Absolute NNN Lease – Zero Landlord Responsibilities</li><li>​Built-In 5% Rent Increase Every 5 Years Throughout Primary Term and Options</li><li>​Large 1.95-Acre Hard Corner Lot at the Intersection of Hwy 175 and 4th St</li><li>​Limited Retail Competition - the Only Dollar Store Within 10 Miles</li><li>​Affluent Community With an Average Household Income of Over $103k Within 5-Mile Radius of the S

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NOI
$80,000
Cap Rate
3.97%
DSCR
0.67
Underwater
Cash-on-Cash
-6.57%
Monthly Payment
$9,981.737
Annual Cash Flow
$-39,780.839

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