300 1St St Sutherland, NE 69165

Property Details for 300 1St St

Year built

2015

Lot size

0.94 lot acres

Property size

9,100 SF

Zone code

COMMERCIAL

Property type

Retail space

APN

0091128.00

APU

9112800

Description

This exceptional investment opportunity presents a portfolio of four Dollar General stores located across Nebraska. Each store enjoys an exclusive market presence, benefiting from a lack of direct competition within their respective towns. The portfolio comprises four buildings totaling 36,104 square feet, constructed in 2015 and 2016, and operating under absolute NNN leases with a credit-rated, corporate-guaranteed tenant. The current leases have a remaining term of 6.3 years, with three, five-year renewal options including a 10% rent increase. The portfolio boasts a 7.64% cap rate and a strong net operating income (NOI) of $320,425. The properties are strategically located in Sutherland, Ravenna, Burwell, and Friend, Nebraska, benefiting from high visibility along major highways and proximity to local amenities and attractions. The strong financial performance of Dollar General, a national retailer with over 19,000 stores, ensures a reliable and stable income stream. This portfolio offers a compelling investment opportunity with significant long-term growth potential. The properties are offered as a complete portfolio or in pairs, providing flexibility for potential investors. The fee simple ownership structure provides complete control and ownership of the assets.

Location Insight

City

Sutherland

County

Lincoln

State

Nebraska

Longitude

-101.12

Latitude

41.1579

CBSA code

35820

CBSA name

NORTH PLATTE, NE MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments