401 E White Street, Preston, IA 52069
Jackson County
Key Facts
Description
Single-tenant Dollar General located at 401 E White Street in Preston, Iowa. Built in 2017, this 9,370 SF property is leased to Dollar General under a triple-net (NNN) lease with no landlord responsibilities. The lease runs through August 1, 2032, with approximately 6.4 years remaining and three (3) five-year renewal options featuring 10% rent increases. Current NOI is $82,175, offered at a 7.50% cap rate with an asking price of $1,095,533. Corporate-guaranteed lease. Established operating history at the site since 2017. Ideal for investors seeking stable, passive income with built-in rental growth.
Property Information
Property Type
Commercial Sale
Year Built
2017
Stories
1
Living Area
9,283 sq ft
Lot Size
1.53 acres
Lot Dimensions
66647
Zoning
Comm
Days on Market
1
MLS® Listing#
2601329
Property Features
Cooling
Heating
Flooring
Parking
Construction
Roof
Utilities
Sewer
Water Source
Financial Details
Annual Taxes
$26,155
Parcel Number
882028327012000
Directions
E White St E of Main St
Affordability Calculator
$219,107
Estimated monthly payment
$5,831/mo
Principal $876,426 · Est. interest $1,222,693 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Preston, IA
- 80
- Median Days on Market
- 1,866
- Median Sq Ft
- $100
- Median Price / Sq Ft
- 4
- Active Listings
- Its price per sq ft is 18% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Preston, IA.
Location
Points of Interest in Preston, IA
Showing the Preston area map.
Nearby Schools
Easton Valley CSD
Secondary · 0.6 mi away
Easton Valley Elementary School
Elementary · 4.0 mi away
Northeast Community School District
Secondary · 6.0 mi away
Delwood Elementary School
Elementary · 11.6 mi away
Andrew Community School District
School · 12.5 mi away
West Carroll High School
Secondary · 13.4 mi away
Cardinal Elementary School
Elementary · 13.6 mi away
West Carroll Primary
Elementary · 13.8 mi away
Maquoketa Middle School
Secondary · 14.2 mi away
Bellevue High School
Secondary · 14.2 mi away
Bellevue Elementary School
Elementary · 14.3 mi away
Marquette High School
Secondary · 14.5 mi away
Briggs Elementary School
Elementary · 14.5 mi away
Maquoketa High School
Secondary · 14.5 mi away
Maquoketa Community School District
School · 14.6 mi away
Sacred Heart School
School · 14.7 mi away
Eagle Heights Elementary School
Elementary · 15.8 mi away
Lyons Middle School
Elementary · 15.9 mi away
Clinton Community School District
School · 16.0 mi away
Clinton Middle School
Elementary · 16.0 mi away
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Nearby Homes
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EXIT Agents in Preston
Listing Courtesy: SKOGMAN REALTY COMMERCIAL - 3193638286
Presented by: Tiffany Earl Williams-WSG CRE