100 Fry St, Yates Center, KS 66783-1283
- Retail space
- 9,100 SF
- 0.99 lot acres
Current Use by Public Records
- Retail space
Property Details for 100 Fry St
- Year built
- 2008
- Construction
- FRAME
- Lot size
- 0.99 lot acres
- Zone code
- CP-2
- Property type
- Retail space
- APN
- 131-11-0-30-34-001.00-0
- APU
- 1311103034001000
Description
This exceptional investment opportunity presents a fee-simple ownership of a 9,014-square-foot Dollar General store situated on a 0.99-acre lot at 100 N Fry St, Yates Center, Kansas, 66783. Built in 2008, this single-story building boasts a strong corporate guarantee from Dollar General, a company with a BBB investment-grade credit rating. The property generates a Net Operating Income (NOI) of $63,000, resulting in a 7.50% cap rate. The lease includes three 5-year options, ensuring long-term stability. This established store enjoys high visibility and traffic on a main thoroughfare, with minimal competition. Additional parking lot rent may be considered. This is a passive investment opportunity with significant potential for leveraged returns exceeding 12%. The property is a prime example of a high-performing, single-tenant retail asset in a desirable location.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Yates Center
- County
- Woodson
- State
- Kansas
- Longitude
- -95.7382
- Latitude
- 37.8817
