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100 Southern Prairie Drive
Madrid, IA 50156
Asking Price
$959K
Cap Rate
8%
Asset Type
Convenience Store Retail
Class
Class B
What's Special
8% Cap Rate | ±30 Miles from Des Moines <p>• Dollar General recently exercised a five-year lease extension, demonstrating a strong commitment to this location.</p><p>• Attractive 8% return on a stabilized investment-grade credit tenant.</p><p>• 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.</p><p>• Subject property is located directly across from Meadow Estates, a 97-unit mobile home comm
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NOI
$80,000
Cap Rate
8.34%
DSCR
1.40
Strong
Cash-on-Cash
8.01%
Monthly Payment
$4,746.217
Annual Cash Flow
$23,045.4