Family Dollar

Nestled in the heart of Osceola County, Sibley, Iowa, is a charming Midwest town that effortlessly blends rural tranquility with a vibrant community spirit. Surrounded by vast expanses of fertile farmland, Sibley offers a picturesque landscape that changes with the seasons, painting the town in golden hues of harvest or the pristine white of winter. The heartbeat of Sibley is its Main Street, where historic storefronts stand proudly alongside modern conveniences. The welcoming aroma of freshly brewed coffee wafts from the local cafes, creating a comforting backdrop to the daily rhythm of the town. Residents and visitors alike find solace in the simplicity of life here, where friendly faces are around every corner, and the pace allows for genuine connections. Sibley is not just a town; it's a community that celebrates its heritage through local events and festivals. The annual summer fair brings the town together with carnival rides, live music, and the sweet scent of cotton candy lingering in the air. For those seeking a more serene experience, the parks scattered throughout Sibley provide green oases for relaxation and recreation. Nature enthusiasts will find refuge in the surrounding countryside, where open fields and winding country roads beckon exploration. The expansive skies of Iowa stretch overhead, showcasing the beauty of each sunrise and sunset, a daily spectacle that residents never grow tired of witnessing.We are pleased to present this 10,500 SF. freestanding Family Dollar store located in Sibley, Iowa. The property offers a Double Net (NN) Lease, leaving minimal landlord responsibilities. The lease contains 4 (5 year) options to renew, each with a $0.50 PSF rental rate increase. The lease is corporately guaranteed by Dollar Tree which holds a credit rating of “BBB-”, which is classified as Investment Grade. The store has completed construction & successfully opened for business in December 2023. This Family Dollar store is highly visible as it is strategically positioned between 1st Avenue & 2nd Avenue which sees 4,414 cars per day. With 3 ingress/egress points, the store is easily accessible from either street. It sits across the street from a Casey's & gas station. The ten mile population from the site is 5,802 while the three mile average household income is $74,225 per year, making this location ideal for a Family Dollar | Dollar Tree store. The Subject offering represents an ideal opportunity for a 1031 exchange buyer or a “passive” investor to attain the fee simple ownership of a Family Dollar. This investment will offer a new owner continued success due to the financial strength and the proven profitability of the tenant, one of the nation’s top dollar stores. List price reflects a 9.50% cap rate based on NOI of $116,550.