100 Fry St Yates Center, KS 66783-1283
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
CP-2 · Yates Center, KSNo recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.