Cleeman Realty Group is pleased to announce the $4,250,000 off-market sale of a net leased Hy-Vee Supermarket located at 115 S 29th St, Fort Dodge, IA. The asset is strategically positioned within Fort Dodge’s primary retail hub, offering strong visibility and consistent customer traffic. Nearby national retailers include Walmart, Target, Marshalls, Hobby Lobby, and Aldi.
The property features a 66,455 SF building situated on a 5.77 +/- acre parcel. Hy-Vee has occupied the space since 1997 and pays a below-market rent, providing the new owner with a stable, long-term tenant and future potential for rent growth and value appreciation.
Jeremy Scheer and Michael Cleeman of Cleeman Realty Group represented both the buyer and seller in this transaction.
“The buyer was drawn to the location, low rent, and zero landlord responsibilities, while the seller sought to reallocate funds into a different asset class,” said Scheer.
Cleeman Realty is a prominent real estate brokerage firm specializing in commercial properties. With a reputation for excellence and a commitment to delivering superior results, Cleeman Realty has become a trusted partner for buyers and sellers in the commercial real estate market. By combining in-depth market knowledge, a vast network, and innovative strategies, Cleeman Realty offers unparalleled service and expertise to clients across various industries.
For more information about Cleeman Realty, please visit www.cleeman.com.