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Dollar General NNN Property
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118 Riley Ave, Ogden, KS 66517

Corporate-guaranteed retail tenancy with absolute NNN lease structure and scheduled extension options.

Property SizeContact for details
Days on Market144

Property Features for 118 Riley Ave

General Information

Standard status Active
Property subtype Retail
Listing Agency: ACRE Investment Real Estate Services Central San Diego
Listed By: Bill Anderson · License #CA 01877615
Source: Crexi
Added: Apr 11 Changed: Aug 31 Last Checked: Aug 30 at 9:41PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of ACRE Investment Real Estate Services Central San Diego

Investment Insights

Based on property information with market context.

This NNN property is leased to Dollar General under a corporate guarantee. The store was built in 2014 and has seven years remaining on its primary lease term. The agreement includes four five-year renewal options, each providing a 10% rent increase, with an increase scheduled in 2025. A 6.44% cap rate is stated for the offering.

The absolute NNN structure assigns zero landlord responsibilities under the lease terms. The property is located at 118 Riley Ave in Ogden, Kansas, approximately 7 miles from Fort Riley and 2.9 miles from Manhattan Regional Airport. The surrounding area includes more than 87,000 people within a 10-mile radius.

Key Highlights

  • Dollar General tenancy backed by a corporate guarantee
  • 2014 construction with 7 years remaining on the primary lease term
  • Four 5‑year renewal options, each with 10% increases

Property Analytics

Current Use

Redbox Cinema Dollar General Discount Store FedEx OnSite Postal Service Western Union Bank

Suggested Use

Top Pick Electrical Service Plumbing Service Auto Repair Shop Storage Facility Grocery & Convenience Store Bakery

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

109
Businesses Nearby
19k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 100%
Ogden Shops & Services
9,855 visits/mo 0.3 miles
Dollar General Shops & Services
5,051 visits/mo 0.0 miles
Valero Energy Shops & Services
4,169 visits/mo 0.4 miles

Demographics for 66517, KS

1,666
Population
870
Households
1.9
Avg Household Size
30
Median Age
33%
College-Educated
97%
High-School Grad
1.8 sq mi
ZIP Area
926
Density / Sq Mi
$61,953
Median Household Income
$38,733
Median Earnings
$1,164
Median Rent
$149,700
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?
NNN property - Corporate-guaranteed retail tenancy with absolute NNN lease structure and scheduled extension options.
Where is this nnn property located?
The property is located at 118 Riley Ave Ogden, KS.
What are key features of this property?
This property features: Dollar General tenancy backed by a corporate guarantee; 2014 construction with 7 years remaining on the primary lease term; Four 5‑year renewal options, each with 10% increases
More about this property
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