DLL Financial | Corporate Lease Guaranty
Midwest
Price: $5,904,000
Status: Hidden
Cap Rate: 8.00%
Year Built: 2003/Ren. 2022
NOI: $472,319
Lot Size: 5.18 acres
Price Per Foot: $130
Lease Type: Double-Net (NN)
Remaining Term: 3
GLA: 45,198 sqft
Property Intro
Lee & Associates are pleased to present the opportunity for a qualified investor to acquire Fee Simple interest (land & building) in a DLL Financial Solutions “Subject Property”, located at 8001 Birchwood Ct, Johnston, IA. Built in 2003 and renovated in 2022, the Subject Property consists of a 45,198 square foot building that resides on a 5.18-acre parcel.
investment highlights
- DLL Financial (Over $32 Billion In Assets) – Wholly Owned Subsidiary of Rabobank Group (S&P: A+)
- Decades Long Operating History in the Johnston (Des Moines MSA) Market
- Located in a Strong Growing Market for Agriculture, Insurance & Finance
- Significant Capital Expenditures by Landlord & DLL Financial (Tenant) – Exterior & Interior Upgrades (Over $1.5m in Expenditures)
- Strong Demographics – High Population Growth
- Highly Visible Location – Interstate 35/80 With Over 100,000 VPD