Trending...
- Heritage at South Brunswick Introduces New Ferndale Floorplan: The Largest Single-Family Home Design in the Community - 140
- KT Medical Staffing Addresses the Questions Families Forget to Ask Before Bringing Private Nursing Care Home
- Cuvo Health, the #1 White Label Telehealth Platform, Surpasses 300 Exclusive Providers Serving All 50 States
Lease Features Dollar General Corporate Guarantee. Property Located in Sac City, Iowa.
SCOTTSDALE, Ariz. - ncarol.com -- Heartland Income Properties, LLC,(http://www.heartlandincome.com) a growing real estate investment company focusing on undervalued single-tenant, triple-net commercial properties primarily in the Midwest region of the United States, is pleased to announce that it has entered into a contract with an independent third-party to acquire a 9,104 square foot building in Sac City, Iowa currently under lease to Dollar General, the national discount store chain.
The property features an 8.35% initial capitalization rate. The current lease runs through September 2024 and there is an additional five-year option period at the conclusion of the initial lease term with a 5.88% rent increase over the current base rent. The property is in the farming community of Sac City, Iowa.
More on ncarol.com
Under the triple-net model, the tenant is responsible for all costs related to operations including taxes, insurance, snow removal, and maintenance.
Dollar General is the nation's largest small-box discount retailer with more than 12,000 stores in 43 states. Dollar General has guaranteed the Sac City lease. Heartland will assume this guarantee.
In announcing the pending acquisition, Heartland Executive Chairman Tim Kopatich said that the property is in excellent condition and since it is already occupied by a major national tenant, will be immediately cash-flowing to Heartland.
An October closing is anticipated.
Heartland is currently evaluating several other properties for potential acquisition in the Midwest and will pay its first distribution to investors in September 2019.
For additional information please contact Tim Kopatich at 949-340-2647 or tim.kopatich@heartlandincome.com.
The property features an 8.35% initial capitalization rate. The current lease runs through September 2024 and there is an additional five-year option period at the conclusion of the initial lease term with a 5.88% rent increase over the current base rent. The property is in the farming community of Sac City, Iowa.
More on ncarol.com
- Phinge's Netverse: Reclaiming the Digital Frontier For Everyone Through CEO Robert DeMaio's Vision of a True App-less, User Data Sovereign World
- DuraFast Label Company Launches Seiko SLP850 2" Thermal Printer with Free Label Promotion
- Scientific Figure Releases Free Layout Template Libraries for Graphical Abstracts and Research Posters
- Permian Museum announces the addition of an Ancient Alien Artifacts photo gallery
- Lease A Sales Rep Rebands to Rent A Sales Rep
Under the triple-net model, the tenant is responsible for all costs related to operations including taxes, insurance, snow removal, and maintenance.
Dollar General is the nation's largest small-box discount retailer with more than 12,000 stores in 43 states. Dollar General has guaranteed the Sac City lease. Heartland will assume this guarantee.
In announcing the pending acquisition, Heartland Executive Chairman Tim Kopatich said that the property is in excellent condition and since it is already occupied by a major national tenant, will be immediately cash-flowing to Heartland.
An October closing is anticipated.
Heartland is currently evaluating several other properties for potential acquisition in the Midwest and will pay its first distribution to investors in September 2019.
For additional information please contact Tim Kopatich at 949-340-2647 or tim.kopatich@heartlandincome.com.
Source: Heartland Income Properties, LLC
Filed Under: Business
0 Comments
Latest on ncarol.com
- Merger Advancement For Embodied AI Co in Robotic Systems Serving High Value Hospitality, Gaming & Real Estate Sectors: MBody AI Corp. (NAS DAQ: MBAI)
- Hollywood In Pixels Announces Honorees for The 9th Silver PIXel Awards
- New Research Finds a Good Deal Is All It Takes to Get Americans Booking a Last-Minute Vacation — and Most Already Have One on Their Mind
- GitKraken Introduces GitLens 19, Bringing Human and AI Workflows Together in One Workbench
- LĪNA Universal Balm Nominated for "Best Clean Skincare Product" at CertClean Beauty Awards
- Bronze Stevie Award Recognizes Satyadhar Joshi for AI Research and Public Policy Engagement
- Plumber Pros of Clayton NC Opens as Johnston County's #1-Rated Plumbing Choice
- synseer Nominated for Best Startup in 2026 Prix Galien USA Awards Following Record Breaking Applicant Pool
- Leading PDR Training Courses in Canada: Learn Paintless Dent Repair with PDR Academy & Tint Academy
- Five Years of Scattering Joy: Gioia dell'Amore Cellars Celebrates Five Years of Wine, Love & a Drea
- Move in this Fall! New Released Quick Move-In Townhomes at Heritage at South Brunswick with Limited-Time Incentives
- Crossroads4Hope Marks 25 Years Ensuring No One Faces Cancer Alone At its Inspiring Hope Gala
- Q1 2026 Arizona Technology Industry Impact Report Recaps Advanced Manufacturing Growth, High-Value Jobs and Workforce Investment
- Former Prosecutor Opens Stegall Law in Summerville
- Vboost Celebrates 14 years of Automotive Viral Marketing
- EXETR Exteriors Unveils XOS — Proprietary Roofing Project Management Platform
- Ignazio Arces Wins Stevie® Award for Maverick of the Year at the 2026 International Business Awards
- New from Regal House, The Great Awakening: dark comic vision of a split nation veering off the rails
- Tickeron Highlights AI Trading Agent Performance Across Multiple Market Sectors
- Stop Bleeding Cash on Mediocre Talent. Build a Powerhouse Remote Team Instead