420 N Rose Hill Rd - Freestanding FOR SALE


Rose Hill, KS 67133
$705,000 USD
586-200-0044
420 N Rose Hill Rd, Rose Hill, KS for Sale
$705,000 USD
Freestanding - FOR SALE
1/2
null | 8.1% Cap Rate

420 N Rose Hill Rd
Rose Hill, KS 67133


HIGHLIGHTS

  • 3+ Years Remaining | Options to Extend | Extended in 2022 |Corporate Guaranteed | Scheduled Rental Increases
  • NN Leased | Fee Simple Ownership | Limited Landlord Responsibilities
  • Fronting North Rose Hill Road | Limited Competition | Residential Consumer Base
  • Strong Operator | 1,000+ New Stores In 2022
  • Wichita - Largest City in Kansas

OVERVIEW

• 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

FOR SALE DETAILS

PRICE

$705,000 USD

PRICE/SF

$77 USD /SF

CAP RATE

8.1%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General | 3+yrs Remain Corp NN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront, Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

53

LAND DETAILS

LAND ACRES

1.1 AC

LAND SF

47,916 SF

ZONING

B-2

APN/PARCEL ID

008-319-32-0-30-14-012.01-0

ASK ABOUT THIS PROPERTY

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586-200-0044

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586-200-0044

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