Dollar General Plus

Nestled in the heart of the Midwest, Milton, Iowa, is a picturesque town that embodies the charm of rural living. Surrounded by rolling hills and expansive fields, this tight-knit community offers a peaceful escape from the hustle and bustle of city life. As you stroll through the town, you'll notice well-maintained streets lined with quaint, historic houses that tell the story of Milton's rich past. The architecture reflects a blend of styles, from classic Victorian homes to charming cottages, creating a timeless atmosphere. Milton is proud of its local businesses, where you can find everything from cozy cafes serving up homemade pies to family-owned shops offering unique handmade crafts. The town's friendly residents contribute to the warm and welcoming atmosphere, making visitors feel like they've found a home away from home. Nature enthusiasts will appreciate the scenic beauty that surrounds Milton. The nearby countryside is dotted with farms, orchards, and meandering streams, providing ample opportunities for outdoor activities. Take a leisurely hike along one of the many nature trails, or simply enjoy a quiet afternoon picnic in one of the well-maintained parks. Seasonal festivals and community events are a highlight in Milton, bringing residents together to celebrate local culture and traditions. Whether it's a summer fair, a fall harvest festival, or a winter holiday market, there's always something happening that fosters a sense of community spirit.We are pleased to present this brand new 10,640 SF. Dollar General Plus store located in Milton, Iowa. The property is secured with a 15 year Absolute NNN Lease leaving zero landlord responsibilities. The lease contains 5% rent increases every 5 years including at each of the 4 (5 year) options to renew. The lease is corporately guaranteed by Dollar General Corporation which holds a credit rating of “BBB”, which is classified as Investment Grade. The store has completed construction & successfully opened for business on January 27, 2024. This Dollar General is highly visible as it is strategically positioned off Highway 2 ,which sees 1,919 cars per day. Milton is a quaint Amish community and as such, this store will include a hitch n post for the horse & buggies. This is a limited competition area with the next dollar store 15 miles away. The 10 mile population from the site is 3,052 while the 3 mile average household income is $85,500 per year, making this location ideal for a Dollar General. The Subject offering represents an ideal opportunity for a 1031 exchange buyer or a “passive” investor to attain the fee simple ownership of Dollar General. This investment will offer a new owner continued success due to the financial strength and the proven profitability of the tenant, the nation’s top dollar store. List price reflects a 6.75% cap rate based on NOI of $126,084.