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511 W McCurry Ave - Madison, Kansas 66860 511 W McCurry St

7,489 SF Retail Building Madison, KS 66860 $1,021,920 ($136/SF) 7.50% Cap Rate

Retail Buildings Kansas Madison 511 W McCurry St, Madison, KS 66860

Investment Highlights

  • 2.5% Broker Co-Op
  • 10% Increases in Renewal Period
  • Rent Increase on 6/1/2028
  • Absolute NNN Lease

Executive Summary

Absolute NNN Lease with +/- 9 Years remaining on Lease. This property can be purchased in a Five Property Dollar General Portfolio that consists of other locations in Peabody, KS (8+ Years remaining on Lease), Humboldt, NE (+/- 9 Years remaining on Lease).

Attachments

OM - DG Portfolio - 200241028

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
7,489 SF
Building Class
C
Year Built
2017
Price
$1,021,920
Price Per SF
$136
Cap Rate
7.50%
NOI
$76,644
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Land Acres
3.45 AC
Parking
38 Spaces (5.07 Spaces per 1,000 SF Leased)
Frontage
197 FT on McCurry Street

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Dollar General
  • Retailer
  • 7,489 SF
  • -
  • Triple Net
  • May 2033
Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Dollar General Retailer 7,489 SF - Triple Net May 2033
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511 W McCurry St, Madison, KS - aerial map view

PROPERTY TAXES

Parcel Number 036-24-0-00-00-004.04-0 Improvements Assessment $0
Land Assessment $2,625 Total Assessment $2,625

PROPERTY TAXES

Parcel Number
036-24-0-00-00-004.04-0
Land Assessment
$2,625
Improvements Assessment
$0
Total Assessment
$2,625
(952) 201-5676

  • Listing ID: 32393092

  • Date on Market: 7/9/2024

  • Last Updated:

  • Address: 511 W McCurry St, Madison, KS 66860

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511 W McCurry Ave - Madison, Kansas 66860 | 511 W McCurry St
(952) 201-5676 x

511 W McCurry Ave - Madison, Kansas 66860 | 511 W McCurry St

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Chris Student

(952) 201-5676

(952) 201-5676

Justin Brockman

(303) 900-9111

(303) 900-9111

Jules 'JB' Hochman

(303) 668-4930

(303) 668-4930

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