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    10020 Us 24 Silver Lake, KS

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    For Sale
    $1,916,545

    Newly remodeled Dollar General Market on a prime highway location.

    Property size:
    11,680 SF
    Lot size:
    1.35 Acres

    Property Features for 10020 Us 24

    General Information

    Size
    11,680 SF
    Lot size
    1.35 Acres

    Source: Matthews Real Estate Investment Services | Dallas Agent Josh Bishop

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Dollar General Market Investment Opportunity

    This property, retrofitted in 2024 for a Dollar General Market store, features a new roof with a 15-year warranty and a new HVAC system. As a Dollar General Market, this location is projected to have a large sales volume. The lease includes 10% rental increases every 5 years throughout the base term and option periods. The initial lease term is 10 years, with four 5-year extension options. Situated on U.S. Highway 24 at 10020 NW US 24, Silver Lake, KS, the property benefits from high visibility and consistent daily traffic. The lot spans 1.38 acres (60,000 sq. ft.) and includes a building of 11,680 sq. ft. The landlord is responsible for roof, structure, and parking lot replacement, with the tenant reimbursing the landlord for parking lot maintenance. The tenant is responsible for taxes, insurance, and HVAC.
    Location Intelligence

    Current Use by Public Records

    Grocery and convenience stores

    Map

    City
    Silver Lake
    County
    Shawnee
    State
    Kansas
    Longitude
    -95.8585978
    Latitude
    39.104166

    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Grocery and convenience store - Newly remodeled Dollar General Market on a prime highway location.
    Where is this grocery and convenience store located?
    The property is located at 10020 Us 24 Silver Lake, KS.
    What is the asking price?
    The asking price for this property is $1,916,545.
    What are key features of this property?
    This property features: - Prime Highway Location: High visibility on U.S. Highway 24.; - Long-Term Lease: 10-year initial term with Four, 5-Year Extension Options.; - 2024 Remodel: Includes a new roof with a 15-year warranty and a new HVAC system.
    (315) 730-6228
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    10020 Us 24 Silver Lake, KS
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    Silver Lake, KS
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    10020 Us 24 Silver Lake, KS
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