61 KS-4, Hoisington, KS 67544

Listing agent Andrew Bender License #MI 6501390130

Listing office Fortis Net Lease

Listing date Apr 22, 2024

Source Crexi

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Overview

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.

Map

City

Hoisington

County

Barton

State

Kansas

Longitude

-98.8666

Latitude

38.6086

FAQs

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.**