62 W State Road 4 - Freestanding FOR SALE


Hoisington, KS 67544
$924,000 USD
248-419-3657
62 W State Road 4, Hoisington, KS for Sale
$924,000 USD
Freestanding - FOR SALE
1/4
null | 8.51% Cap Rate

62 W State Road 4
Hoisington, KS 67544


HIGHLIGHTS

  • 15-Year NN Lease | Minimal Landlord Responsibilities
  • 2009 Built to Suit | Recent Renewal
  • 3 (5-Year) Options | Increases in Each Option
  • Three Mile Household Income $61,224
  • Ten Mile Population 6,459
  • 3,269 Cars Per Day | On Main Thoroughfare

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$924,000 USD

PRICE/SF

$102 USD /SF

CAP RATE

8.51%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2009

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

-

APN/PARCEL ID

089-32-0-00-00-008.00-0

ASK ABOUT THIS PROPERTY

Andrew BenderFortis Net LeaseMore Info
248-419-3657

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Andrew BenderFortis Net LeaseMore Info
248-419-3657

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