705 Park Ave - Storefront FOR SALE


Plainview, NE 68769
$1,802,000 USD
513-300-0763
705 Park Ave, Plainview, NE for Sale
$1,802,000 USD
Storefront - FOR SALE
1/4
null | 7% Cap Rate

705 Park Ave
Plainview, NE 68769


HIGHLIGHTS

  • Brand-new 15-year lease featuring 10% rental increases in the options
  • 2023 build-to-suit construction to tenant’s latest prototype
  • The lease is backed by a corporate guaranty from Dollar General, #108 on the Fortune 500 list of companies
  • Absolute NNN lease structure features zero Landlord expense or maintenance obligations, providing an investor with a truly “hands-off” investment
  • Dollar General generated $38.7 billion in net sales and a net income of $1.7 billion in FY2023
  • Dollar General currently operates ~20,000 stores in 48 states, making it the country’s largest small-box discount retailer

OVERVIEW

A corporate absolute NNN Dollar General with over 14 years remaining in the primary term and four, 5-year options to extend the lease at increased rents. The tenant is the country’s largest small-box discount retailer with ~20,000 stores nationwide.

FOR SALE DETAILS

PRICE

$1,802,000 USD

PRICE/SF

$169 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General - Plainview, NE

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Convenience Store, Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

1.09 AC

LAND SF

47,480 SF

ZONING

-

APN/PARCEL ID

700011487

ASK ABOUT THIS PROPERTY

Brian BrockmanBang RealtyMore Info
513-300-0763

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Brian BrockmanBang RealtyMore Info
513-300-0763

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