$1 Auction - Fmr Family Dollar Tree Britt, IA 970 Highway 18 Local commercial 983 m² À vendre Britt, IA 50423 107 750 € (109,62 €/m²)

Marcus & Millichap is pleased to present the opportunity to acquire a vacant, free-standing retail building located at 970 U.S. Highway 18 in Britt, Iowa 50423 (the “Property”). Formerly occupied by Family Dollar–Dollar Tree, the Property is being offered significantly below replacement cost, creating an excellent opportunity for owner-users or investors to secure a highly visible retail asset with direct highway frontage at a compelling basis. FIRST BID MEETS RESERVE!
Built in 2022, the Property consists of a ±10,580-SF single-story building situated on a ±1.76-acre parcel (±76,861 SF) with a concrete surface parking lot offering 46 spaces. Constructed to modern design standards, the building features an open retail floor plan with a flexible footprint adaptable for a wide range of commercial uses. The site is strategically positioned on a hard corner and offers two points of ingress/egress with ±253 feet of frontage along 3rd Avenue NE and ±300 feet of frontage along U.S. Highway 18 East, which sees approximately ±3,882 vehicles per day (VPD), ensuring strong visibility and accessibility. Previously operated in a dual-store format, the Property was leased to Family Dollar–Dollar Tree on a triple-net (NNN) basis. The Property presents a value-add opportunity through lease-up at long-term market rates, with CoStar estimating rents in the range of $5-$6/SF NNN. Zoned GC (General Commercial District), the Property can support a broad variety of commercial uses, enhancing its flexibility and appeal for both investors and owner-users seeking a strategically positioned asset at an attractive cost basis.,
The Property is located in Britt, Iowa, a community in Hancock County positioned along U.S. Highway 18, a key east–west connector in north-central Iowa. With access to larger regional markets, Britt combines small-town character with strategic connectivity. The site benefits from prominent frontage on US-18, offering direct access to Algona (±30-min west via US-169) and Clear Lake (±30-min east via I-35), as well as regional hubs including Mason City, Fort Dodge, and Des Moines. This strategic highway positioning supports both local commerce and regional pass-through traffic, reinforcing Britt’s role as a service and retail hub for the county. Healthcare is anchored by Hancock County Health System (±0.7-mi from the Property), a 25-bed hospital providing essential medical services to residents across the region. The local economy is supported by agriculture, healthcare, education, and light manufacturing, while employers in nearby Mason City further expand the labor and consumer base. The Property is situated caddy-corner to Farmer’s Trust & Savings Bank, across from Pritchard Auto Company, and near Dollar General along with a mix of local retailers, restaurants, and service providers that generate consistent daily traffic. Community anchors in Britt include West Hancock Schools, Britt Municipal Airport, and annual events such as the National Hobo Convention, which draws visitors from across the Midwest. This blend of local stability, regional access, and steady community activity positions the Property to capture demand from both residents and travelers. The trade area is further strengthened by a population of approximately ±4,226 residents within 10-mi and an average household income (AHHI) above $93k, underpinned by the county’s role in agriculture, manufacturing, and regional transportation.