1218 28th St - Freestanding FOR SALE


Belleville, KS 66935
$1,247,000 USD
678-808-2762
1218 28th St, Belleville, KS for Sale
$1,247,000 USD
Freestanding - FOR SALE
1/3
null | 8% Cap Rate

1218 28th St
Belleville, KS 66935


HIGHLIGHTS

  • Lower Rent & Price Point with attractive 8% return
  • 7.5-Year corporate NN Lease with Dollar Tree
  • Investment Grade Tenant
  • Near Junction City, KS & Fort Riley

OVERVIEW

LOWER RENT & PRICE POINT WITH ATTRACTIVE 8.00% RETURN • This property has a lower rent & price point of $1.2M and has an attractive 8.00% return which is unique for investment grade credit in this market. 7.5-YEAR CORPORATE NN LEASE WITH DOLLAR TREE • The subject property is a 2021 construction Family Dollar Tree located in Belleville, KS. • This store opened and rent commenced in September 2021. • There are 7.5 years remaining on a 10-year corporate guaranteed NN Lease with Dollar Tree. • Tenant is responsible for Parking Lot Maintenance, HVAC, Utilities, Insurance, Taxes. • There are limited Landlord responsibilities which include Roof & Structure and parking lot replacement. • There are 10% rent increases in each of the five, 5-year option periods. INVESTMENT GRADE TENANT • Dollar Tree/Family Dollar is a publicly traded (NYSE: DLTR) Fortune 500 company with an S&P investment grade credit rating of BBB. • Dollar Tree/Family Dollar operate 16,340+ stores across 48 states and five Canadian provinces and is expanding by 600 stores each year. • Dollar Tree has been in business for 70 years and has a current net worth of over $33 billion NEAR JUNCTION CITY, KS & FORT RILEY • Belleville is located in North KS about 1.5 hours north of Junction city & Fort Riley. • Junction City is the county seat of Geary County and is home to Fort Riley • Fort Riley serves a population of more than 67,000 including approximately 15,400 active duty members, 19,600 family members, 6,100 civilian employees as well as 26,000 retirees and veterans who live in the region and/or work at the post • Fort Riley encompasses 101,733 acres with 91,597 dedicated to training areas that are key to Soldier readiness. • For Fiscal Year 2023, the total impact Fort Riley was determined to be $1.9 billion • National retailers in Junction city include Walmart, ALDI, Tractor Supply, and more.

FOR SALE DETAILS

PRICE

$1,247,000 USD

PRICE/SF

$119 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Family Dollar Tree | Low Rent & Price Point

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2021

SPRINKLERS

-

PARKING SPACES

51

LAND DETAILS

LAND ACRES

2.09 AC

LAND SF

91,040 SF

ZONING

CM

APN/PARCEL ID

131-11-0-00-00-002.03-0

ASK ABOUT THIS PROPERTY

Don McMinnMarcus & MillichapMore Info
678-808-2762

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Don McMinnMarcus & MillichapMore Info
678-808-2762

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.