405 Grant St
Atwood, KS 67730

Capital Pacific pleased to present the opportunity to acquire Dollar General in Atwood, Kansas. The subject property is a new construction store featuring a corporate guaranty from Dollar General, which ranked #123 on the 2018 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 or maintenance obligations. The primary lease term is 15 years, with 4 options to extend the term thereafter at increased rents. Atwood is the home to the Rawlins County Fair, a major attraction for residents of northwestern Kansas. The city has a population of roughly 1,000 and average household incomes of approximately $55,000. Dollar General benefits from being the only dollar store concept within the extended trade area. The addition of this store captures a demand for daily needs previously unmet by an established retailer. Dollar General generated $25.6 billion in 2018 fiscal year sales and net income of $1.6 billion. Dollar General currently operates over 16,000 stores in 44 states, making it the country’s largest small-box discount retailer. The company announced plans in September 2019 to expand its presence to 46 states, adding Washington and Wyoming to the list of states with Dollar General stores.