Dollar General Investment
61 KS-4 Hoisington, KS 67544
For Sale
Contact for pricing
NNN Dollar General store in Hoisington, Kansas for sale.
Property Size9,100 SF
Price / SF$101.54
Days on Market829
Property Features for 61 KS-4
General Information
Standard status
Active
Size
9,100 SF
Property subtype
Retail
Listing Agency:
Fortis Net Lease
Listed By:
Andrew Bender · License #MI 6501390130
Source:
Crexi
Added: Apr 22, 2024
Changed: Jul 10
Last Checked: Jul 29 at 9:14AM
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 Fortis Net Lease
Investment Insights
Based on property information with market context.
This 9,100 square foot Dollar General store is located in Hoisington, Kansas. The property is secured with a recently renewed NN Lease, assigning minimal landlord responsibilities. The lease includes 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”. The store is positioned on Hwy-281, which sees 3,269 cars per day. The ten-mile population from the site is 6,459, and the three-mile average household income is $61,224 per year. This property represents an opportunity for a 1031 exchange buyer or a passive investor to attain the fee-simple ownership of Dollar General. The investment offers continued success due to the financial strength and the proven profitability of the tenant. The list price reflects an 8.51% cap rate based on NOI of $78,598.
Key Highlights
- Corporately guaranteed lease by Dollar General Corporation (rated "BBB" Investment Grade).
- Recently renewed NN Lease with minimal landlord responsibilities.
- 8.51% Cap Rate based on NOI of $78,598.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - NNN Dollar General store in Hoisington, Kansas for sale.
Where is this grocery and convenience store located?
The property is located at 61 KS-4 Hoisington, KS.
What is the asking price?
The asking price for this property is $924,000.
What are key features of this property?
This property features: Corporately guaranteed lease by Dollar General Corporation (rated "BBB" Investment Grade).; Recently renewed NN Lease with minimal landlord responsibilities.; **8.51% Cap Rate based on NOI of $78,598.**
