321 W Cherry St
Chanute, KS 66720

Capital Pacific is pleased to present the opportunity to acquire Dollar General in Chanute, Kansas. The subject property is a new site and relocation store featuring a corporate guaranty from Dollar General, which ranked #123 on Fortune 500 list of top Companies by revenue. The absolute NNN lease provides investors with a truly “hands-off” asset, as there are zero Landlord expense obligations. Dollar General currently operates over 16,000 stores in 44 states, making it the largest small-box discount retailer in the country. In the 2018 fiscal year, Dollar General generated $25.6B in revenue and had a net income of $1.6B. The company has an S&P rating of BBB, which has been raised five times since 2009, and is a better credit rating than its main competitors. Chanute is located in the southeast region of Kansas, roughly 100 miles east of Wichita and south of Kansas City. The city has a population of 9,237 within 3 miles and average household incomes of $53,316. The city features a regional community college in addition to a host of government and manufacturing employers which drive the local economy. The store benefits from no direct competition in town and a larger-than-usual population than most Dollar General locations.