1612 N Ohio St - Freestanding FOR SALE


Augusta, KS 67010
$1,295,000 USD
858-373-3130
1612 N Ohio St, Augusta, KS for Sale
$1,295,000 USD
Freestanding - FOR SALE
1/7
null | 7% Cap Rate

1612 N Ohio St
Augusta, KS 67010


HIGHLIGHTS

  • Corporate NNN Lease with nearly 9 Years Remaining (No Landlord Responsibilities)
  • Dollar General (NYSE:DG) holds an Investment Grade Credit Rating (S&P:BBB)
  • Pad Building to Dillons Food Store (Kroger)

OVERVIEW

Marcus & Millichap is pleased to present a freestanding Dollar General located in Augusta, KS. There are currently just less than 9 years remaining on a triple net lease. In addition to the 3% increase in 2028, the lease calls for 10% increases in each of the 4, 5- year renewal options. The subject property is strategically located along Ohio Street in front of the Dillons Food Store. Additional nearby traffic generators include the Augusta Country Club, Augusta High School, and Augusta Lake. Supportive single family residences surround the subject property.

FOR SALE DETAILS

PRICE

$1,295,000 USD

PRICE/SF

$143 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Convenience Store, Storefront, Department Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2018

SPRINKLERS

-

PARKING SPACES

32

LAND DETAILS

LAND ACRES

0.64 AC

LAND SF

27,878 SF

ZONING

-

APN/PARCEL ID

296-23-0-20-08-005-00-0

ASK ABOUT THIS PROPERTY

Robb JohnsonMarcus & MillichapMore Info
858-373-3130

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

Robb JohnsonMarcus & MillichapMore Info
858-373-3130

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