122 N Main St
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122 N Main St Local commercial 2 554 m² À vendre Monticello, IA 52310
Certaines informations ont été traduites automatiquement.
RÉSUMÉ ANALYTIQUE
CALL FOR OFFERS DUE JUNE 30TH, 2025
HY-VEE DOLLAR FRESH WITH STRONG REAL ESTATE FUNDAMENTALS
• Full service grocery store fee simple leased to Hy-Vee, Inc. Established retailer with successful 80+ year operating history
• Absolute NNN lease requiring no landlord management
• Scheduled rental increases
DOMINANT GROCER IN IOWA
• Hy-Vee was founded in Iowa in 1930 and has developed into the dominant grocer in the State, holding the number one or two position in the most with 285+ stores and holds the number one or two position in the majority of the mid-sized cities in the State
• Hy-Vee’s success has allowed them to expand into neighboring states - Minnesota, Nebraska, Illinois, South Dakota, Kansas, and Wisconsin
DOLLAR FRESH BANNER
• The Dollar Fresh banner is a new concept that Hy-Vee launched in 2018 (25 locations to-date) designed to be a one-stop shop for customers, with a broader product lineup, at competitive prices
• By operating primarily as “self-checkout” store and eliminating full-service bakeries and delis, Dollar Fresh locations are able to offer attractive discounted pricing in an inflationary environment
NEW “BUILD-TO-SUIT” LOCATION
• The Subject Property is a new store that was purpose-built for Hy-Vee in March 2022 and has performed well since
• Hy-Vee signed a new 15-Year lease (12 years remaining) and has six additional 5-year options (which would take the fully extended term to 2062)
HY-VEE DOLLAR FRESH WITH STRONG REAL ESTATE FUNDAMENTALS
• Full service grocery store fee simple leased to Hy-Vee, Inc. Established retailer with successful 80+ year operating history
• Absolute NNN lease requiring no landlord management
• Scheduled rental increases
DOMINANT GROCER IN IOWA
• Hy-Vee was founded in Iowa in 1930 and has developed into the dominant grocer in the State, holding the number one or two position in the most with 285+ stores and holds the number one or two position in the majority of the mid-sized cities in the State
• Hy-Vee’s success has allowed them to expand into neighboring states - Minnesota, Nebraska, Illinois, South Dakota, Kansas, and Wisconsin
DOLLAR FRESH BANNER
• The Dollar Fresh banner is a new concept that Hy-Vee launched in 2018 (25 locations to-date) designed to be a one-stop shop for customers, with a broader product lineup, at competitive prices
• By operating primarily as “self-checkout” store and eliminating full-service bakeries and delis, Dollar Fresh locations are able to offer attractive discounted pricing in an inflationary environment
NEW “BUILD-TO-SUIT” LOCATION
• The Subject Property is a new store that was purpose-built for Hy-Vee in March 2022 and has performed well since
• Hy-Vee signed a new 15-Year lease (12 years remaining) and has six additional 5-year options (which would take the fully extended term to 2062)
DATA ROOM Cliquez ici pour accéder à
- Offering Memorandum
INFORMATIONS SUR L’IMMEUBLE
Type de vente
Investissement
Type de bien
Local commercial
Surface de l’immeuble
2 554 m²
Classe d’immeuble
B
Année de construction
2022
Occupation
Mono
Hauteur du bâtiment
1 étage
Stationnement
126 places (49,34 places par 1 000 m² loué)
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PRINCIPAUX COMMERCES À PROXIMITÉ
CONTACTS
-
Ryan Fitzpatrick -
Parker Ridge -
Chloe Marzen -
Cushman & Wakefield | Iowa Commercial Advisors
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VIDÉOS
VISITE 3D
PHOTOS
STREET VIEW
RUE
CARTE
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Présenté par
122 N Main St
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