Trending...
- Sexually Abused in a Psychiatric Hospital or Psychiatrist's or Psychologist's Office? CCHR Urges Survivors to Reach Out to It
- Nayarit Strengthens Its Position as a Global Surf Destination; Sayulita to Become Mexico's First Official Surf City
- Healthcare Leaders Publish New Integrated Behavioral Healthcare Guide, Led by Doctors of Behavioral Health
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
- Destination Niagara Launches Game Changing Digital Magazine Redefining How Visitors Experience Niagara Falls
- Join us at Seaside Art Gallery for our July 4th celebration
- San Diego's newest marketing firm is boring on purpose — it's working
- Arizona Christian Homeschools Launches Statewide Directory
- Sexually Abused in a Psychiatric Hospital or Psychiatrist's or Psychologist's Office? CCHR Urges Survivors to Reach Out to It
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
- Boston Industrial Solutions Introduces High-Performance Primer for Bonding Liquid Silicone to Epoxy
- New Comprehensive Guide Unveils the Ultimate Masterlist of Government-Approved Business Funding
- Healthcare Leaders Publish New Integrated Behavioral Healthcare Guide, Led by Doctors of Behavioral Health
- Marketing Company Helps Local Businesses Stop Renting Leads and Start Building A Permanent System
- Verbica Challenges Panetta to a Televised Debate on the Issues
- Salt Lake City Families Turn to Private Autopsy Services for Faster Answers After Unexpected Loss
- K2 Integrity's U.S. and EMEA Teams Again Recognized in Chambers and Partners 2026 Guides
- Connecta Satellite Solutions Ready to Support Emergency Communications Following the Venezuela Earthquake
- Rare 1933 Harold Weston painting will be auctioned to benefit the Keene Valley Library
- $20 Million Revenue Target, Accelerating Growth, 7% Of Outstanding Shares Retired, Clear Path Toward Profitability: VSee Health, Inc N A S D A Q: VSEE
- HomeCentris Home Health Achieves 5-Star CMS Rating
- Adsoptia Launches AI-Powered Optimization Platform for a New Era of Autonomous Marketing Decisions
- Heritage at Manalapan Announces New Incentive: Included Finished Basement on Select Homesites
- Leicester UK Manufacturer Tabletop Tyrant Secures Flawless 100% Customer Satisfaction Rating Across 5,800+ Orders
- The Calida Group Announces Promotion of Joshua Nelson to President, Advancing Next Phase of National Growth
- Cango Mobility x Hikvision Announce Strategic Partnership
- HomeCentris Healthcare Signs Definitive Agreement to Acquire S&K Holdings, Expanding Mid Atlantic Platform
- Nayarit Strengthens Its Position as a Global Surf Destination; Sayulita to Become Mexico's First Official Surf City
- Custom Cushions and Sewing Solutions Available in Cleveland County and Surrounding Areas
- Century Fasteners de Mexico Exhibiting at 2026 Farnborough International Airshow