Building Details

Tenancy Single

Listing Agency: Fortis Net Lease

Listed By: Andrew Bender · License #MI 6501390130

Source: Crexi

Added: Apr 22, 2024 Changed: Sep 17 Last Checked: Sep 16 at 3:43PM

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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

Current Use

Grocery and convenience stores

Location Intelligence

Demographics for 67544, KS

3,196

Population

1,562

Households

2

Avg Household Size

40

Median Age

25%

College-Educated

97%

High-School Grad

213.8 sq mi

ZIP Area

15

Density / Sq Mi

$49,297

Median Household Income

$41,637

Median Earnings

$848

Median Rent

$79,000

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

Questions? Ask Rey

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What type of property is this? Where is this grocery and convenience stores located? What is the asking price? Find similar properties What are key features of this property?

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.**