Current Use by Public Records
- Retail properties & Spaces
Property Details for 489 County Rd
- Year built
- 2000
- Lot size
- 1.10 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Grocery and convenience stores
Description
This exceptional investment opportunity presents a single-tenant, free-standing Dollar General store located at 489 S County Rd, Russell, KS 67665. The property boasts a substantial 8,625 square feet situated on a 1.1-acre lot, strategically positioned in Russell's primary business district along Old Hwy 40/Hwy 281. Built in 2000, this well-maintained building benefits from a strong location, enjoying high visibility and proximity to other established businesses including The Quality Inn, Sonic, Pizza Hut, and McDonald's. The current lease with Dollar General is a Net-Net (NN) agreement, offering a remaining lease term of approximately 0.9 years, expiring October 31, 2025, with a commencement date of November 1, 2020. The property's strong performance is reflected in its attractive cap rate of 6.50% and a Net Operating Income (NOI) of $37,200. The asking price is $572,307, translating to a price per square foot of $66.35. This single-story building presents a compelling investment opportunity with a proven tenant and a desirable location in a thriving Kansas community. The property's solid financials and prime location make it an ideal addition to any portfolio seeking stable, high-yield returns. This is a rare chance to acquire a well-established retail property with a long-standing tenant in a prime location.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Russell
- County
- Russell
- State
- Kansas
- Longitude
- -98.8804
- Latitude
- 38.858
