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    61 Ks-4 Hoisington, KS 67544

    For Sale
    $924,000

    KS Convenience Store, Strong NOI

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This investment-grade, net-leased Dollar General store in Hoisington, Kansas, presents a compelling opportunity. The 9,100 square foot building, constructed in 2009, sits on a highly visible location on Highway 281, experiencing 3,269 cars per day. The property boasts a strong net operating income (NOI) of $78,598, yielding an 8.51% cap rate based on the asking price of $924,000. The lease, originally signed on March 27, 2009, has a remaining term of approximately 4.9 years, with three 5-year renewal options, each including rent increases. This NN+ lease provides minimal landlord responsibilities. The tenant, Dollar General Corporation, holds a "BBB" investment-grade credit rating, further enhancing the security of this investment. The surrounding area demonstrates strong demographics, with a three-mile average household income of $61,224 and a ten-mile population of 6,459. This property is ideally suited for a 1031 exchange buyer or a passive investor seeking a stable, high-performing asset backed by a financially sound national retailer. The lease commenced March 27, 2009, and expires September 30, 2029.

    Property Features for 61 Ks-4

    General Information

    Property type
    Individual retail properties

    HighLights

    • 15‑Year Net‑Net Lease with Minimal Landlord Responsibilities
    • 2009 Built‑to‑Suit Property with Recent Lease Renewal
    • Three 5‑Year Renewal Options with Rent Increases
    • Trade Area: $61,224 Average Household Income (3‑mile radius)
    • Trade Area: 6,459 Population (10‑mile radius)
    • High Traffic Location: 3,269 Cars Per Day on Main Thoroughfare
    Property Profile Location Intelligence

    Current Use by Public Records

    Grocery and convenience stores

    Map

    City
    Hoisington
    County
    Barton
    State
    Kansas
    Longitude
    -98.786207464493
    Latitude
    38.521619008545

    FAQs

    What type of property is this?
    Individual retail property - KS Convenience Store, Strong NOI
    Where is this individual retail property 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: 15-Year Net-Net Lease with Minimal Landlord Responsibilities; 2009 Built-to-Suit Property with Recent Lease Renewal; Three 5-Year Renewal Options with Rent Increases
    Request Owner's contact information
    61 Ks-4 Hoisington, KS 67544
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    Hoisington, KS 67544
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    61 Ks-4 Hoisington, KS 67544
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