Building Details

Year Built 2022

Tenancy Single

Listing Agency: Exclusive Realty s***@exclusive-realty.com Show Phone

Listed By: Steve Sagmani · License #MI 6502426558

Source: Crexi

Added: May 18 Changed: Aug 8 Last Checked: Aug 8 at 7:28AM

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Investment Insights

Based on property information with market context.

Located in Fort Calhoun, Washington County, this NN leased Dollar General Market investment opportunity benefits from its position just north of the Omaha metropolitan area. The property has accessibility via U.S. Route 75, a major regional corridor connecting the area to Omaha and surrounding communities. Fort Calhoun is known for its schools, residential growth, and local community atmosphere. The surrounding market offers retail centers, restaurants, healthcare services, and recreational attractions. Nearby destinations such as Fort Atkinson State Historical Park and DeSoto National Wildlife Refuge attract visitors, contributing to regional traffic and economic activity. The tenant, Dollar General Market, represents an expanded store format by Dollar General that offers a broader grocery selection including fresh produce, refrigerated and frozen foods, in addition to traditional household essentials and general merchandise. Dollar General has more than 19,000 locations nationwide and continues to expand its grocery-focused formats. The Fort Calhoun location benefits from residential growth, proximity to the Omaha metro area, and limited direct competition. This NN investment provides long-term income backed by a nationally recognized tenant with limited landlord responsibilities. The property size is 10446 square feet.

Key Highlights

• NN leased investment providing stable long‑term income.
• Tenant is Dollar General Market, an expanded store format with broader grocery selection.
• Located in Fort Calhoun, a growing community near the Omaha metro area.

Financial Insights

Estimated NOI and Cap Rate

NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).

NOI / Yr

$139,893

Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.

Cap Rate

9.06%

Suggested Prices Based on Cap Rates Cap rates vary significantly by property type, market, and asset quality. Typical U.S. stable-market ranges: Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+) Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand) Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically) Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher) Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk) Self-Storage — 5.5% to 7.5% Medical Office — 6.0% to 7.5% Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term Rules of thumb: Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%). Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C. Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI. Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.

Cap Rate 5%

$2,797,860 $2.8M

Cap Rate 7%

$1,998,471 $2.0M

Cap Rate 9%

$1,554,367 $1.6M

Market Conditions

NOI Build-Up for 10,446 SF Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent. EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs. OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements. NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.

Gross rent

$200.6K $19.20/SF

− Vacancy

−$14.0K −$1.34/SF

EGI

$186.5K $17.86/SF

− OpEx

−$46.6K −$4.46/SF

NOI

$139.9K $13.39/SF

Area

Washington County, NE

Vacancy

7.00%

Lease Rate

$19.20 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates Cap rates vary significantly by property type, market, and asset quality. Typical U.S. stable-market ranges: Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+) Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand) Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically) Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher) Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk) Self-Storage — 5.5% to 7.5% Medical Office — 6.0% to 7.5% Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term Rules of thumb: Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%). Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C. Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI. Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.

Cap Rate 5%

$2,797,860

Cap Rate 7%

$1,998,471

Cap Rate 9%

$1,554,367

Alternative Uses

Best Use

Specialty Retail

$2.00M

$1.75M – $2.33M (±1% cap)

NOI $139,893 @ 7.0% cap · market cap 9.06%

Second Best

Retail

$1.74M

$1.52M – $2.03M (±1% cap)

NOI $121,748 @ 7.0% cap · market cap 7.88%

Theoretical Best

Office A

$2.74M

$2.40M – $3.20M (±1% cap)

NOI $192,097 @ 7.0% cap · market cap 12.44%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

Grocery and convenience stores

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

8

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 68023, NE

2,740

Population

1,122

Households

2.4

Avg Household Size

44

Median Age

29%

College-Educated

95%

High-School Grad

40.0 sq mi

ZIP Area

69

Density / Sq Mi

$118,281

Median Household Income

$66,276

Median Earnings

$1,019

Median Rent

$347,700

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

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Frequently Asked Questions

What type of property is this?

Grocery and convenience store - NN leased Dollar General Market investment opportunity in Fort Calhoun.

Where is this grocery and convenience store located?

The property is located at 1310 Paddock St Fort Calhoun, NE.

What is the asking price?

The asking price for this property is $1,544,117.

What are key features of this property?

This property features: NN leased investment providing stable long‑term income.; Tenant is Dollar General Market, an expanded store format with broader grocery selection.; Located in Fort Calhoun, a growing community near the Omaha metro area.