Dollar General | 3+yrs Remain Corp NN | 420 N Rose Hill Rd
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Dollar General | 3+yrs Remain Corp NN 420 N Rose Hill Rd
9,100 SF Retail Building Rose Hill, KS 67133 $705,000 ($77/SF) 8.10% Cap Rate
Investment Highlights
- 3+ Years Remaining | Options to Extend | Extended in 2022 |Corporate Guaranteed | Scheduled Rental Increases
- Fronting North Rose Hill Road | Limited Competition | Residential Consumer Base
- Wichita - Largest City in Kansas
- NN Leased | Fee Simple Ownership | Limited Landlord Responsibilities
- Strong Operator | 1,000+ New Stores In 2022
Executive Summary
• Dollar General has 3+ years remaining on their current 5-year extension they executed in 2022 with 5 (5-year) options to extend, demonstrating their long-term commitment to the site
• The lease features 10% rental increases at the beginning of each option, increasing NOI and hedging against inflation
• Corporate guaranteed by Dollar General, Corp., an investment grade (S&P: BBB), nationally recognized, and an established discount store with more than 18,700 locations in 47 states as of March 2023
LARRY GOLDMAN, CCIM
Managing Director & Principal Goldman Investment Advisors, Inc. lgoldmankc@gmail.com 913.707.9030
2409 W 104th Terrace
Leawood, KS 66206
KS License No. BR00032675
• The lease features 10% rental increases at the beginning of each option, increasing NOI and hedging against inflation
• Corporate guaranteed by Dollar General, Corp., an investment grade (S&P: BBB), nationally recognized, and an established discount store with more than 18,700 locations in 47 states as of March 2023
LARRY GOLDMAN, CCIM
Managing Director & Principal Goldman Investment Advisors, Inc. lgoldmankc@gmail.com 913.707.9030
2409 W 104th Terrace
Leawood, KS 66206
KS License No. BR00032675
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
9,100 SF
Building Class
C
Year Built
2007
Price
$705,000
Price Per SF
$77
Cap Rate
8.10%
NOI
$57,105
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
1.10 AC
Zoning
B-2 - General Business
Parking
53 Spaces (5.82 Spaces per 1,000 SF Leased)
Frontage
107 FT on North Rose Hill Road
Amenities
- Signage
- Smoke Detector
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 008-319-32-0-30-14-012.01-0 | Improvements Assessment | $170,908 |
| Land Assessment | $14,025 | Total Assessment | $184,933 |
PROPERTY TAXES
Parcel Number
008-319-32-0-30-14-012.01-0
Land Assessment
$14,025
Improvements Assessment
$170,908
Total Assessment
$184,933
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Dollar General | 3+yrs Remain Corp NN | 420 N Rose Hill Rd
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