Dollar General | 62 W State Road 4
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Dollar General 62 W State Road 4
9,100 SF Retail Building Hoisington, KS 67544 $924,000 ($102/SF) 8.51% Cap Rate
Investment Highlights
- 15-Year NN Lease | Minimal Landlord Responsibilities
- 3 (5-Year) Options | Increases in Each Option
- Ten Mile Population 6,459
- 2009 Built to Suit | Recent Renewal
- Three Mile Household Income $61,224
- 3,269 Cars Per Day | On Main Thoroughfare
Executive Summary
Fortis Net Lease is pleased to present this built-to-suit 9,100 SF Dollar General store located in Kansas in the city of Hoisington. The property is secured with a recently renewed NN Lease leaving minimal landlord responsibilities. The lease contains 3 (5-year) options to renew, each with a rental rate increase. The lease is corporately guaranteed by Dollar General Corporation which holds a credit rating of “BBB”, which is classi?ed as Investment Grade.
This Dollar General is highly visible as it is strategically positioned on Hwy-281 which sees 3,269 cars per day. The ten-mile population from the site is 6,459 while the three-mile average household income $61,224 per year, making this location ideal for a Dollar General. The Subject offering represents an ideal opportunity for a 1031 exchange buyer or a “passive” investor to attain the fee-simple ownership of Dollar General. This investment will offer a new owner continued success due to the ?nancial strength and the proven pro?tability of the tenant, the nation’s top dollar store. List price re?ects an 8.51% cap rate based on NOI of $78,598.
This Dollar General is highly visible as it is strategically positioned on Hwy-281 which sees 3,269 cars per day. The ten-mile population from the site is 6,459 while the three-mile average household income $61,224 per year, making this location ideal for a Dollar General. The Subject offering represents an ideal opportunity for a 1031 exchange buyer or a “passive” investor to attain the fee-simple ownership of Dollar General. This investment will offer a new owner continued success due to the ?nancial strength and the proven pro?tability of the tenant, the nation’s top dollar store. List price re?ects an 8.51% cap rate based on NOI of $78,598.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,100 SF
Building Class
C
Year Built
2009
Price
$924,000
Price Per SF
$102
Cap Rate
8.51%
NOI
$78,598
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
1.00 AC
Frontage
197 FT on State Route 4
PROPERTY TAXES
| Parcel Number | 089-32-0-00-00-008.00-0 | Improvements Assessment | $0 |
| Land Assessment | $5,367 | Total Assessment | $5,367 |
PROPERTY TAXES
Parcel Number
089-32-0-00-00-008.00-0
Land Assessment
$5,367
Improvements Assessment
$0
Total Assessment
$5,367
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Dollar General | 62 W State Road 4
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