1218 28th St Belleville, KS 66935-2600

This exceptional investment opportunity presents a 10,500 square foot, single-tenant net-leased convenience store in Belleville, Kansas. The property, built in 2021, boasts a strong 8.00% cap rate and a substantial net operating income (NOI) of $99,750. The property is situated on a 2.09-acre lot at 1218 28th St, Belleville, KS 66935. A 10-year lease with Dollar Tree/Family Dollar commenced August 30, 2021, and has approximately 6.8 years remaining. The lease includes 10% rent increases in each of the five, 5-year option periods. The tenant, a Fortune 500 company with an S&P investment-grade credit rating of BBB, is responsible for all operating expenses including parking lot maintenance, HVAC, utilities, insurance, and taxes. Landlord responsibilities are limited to roof and structure maintenance and parking lot replacement. The property's strategic location near Junction City, KS, and Fort Riley, a major military installation, provides a stable and growing market. Fort Riley's significant economic impact, exceeding $1.9 billion in fiscal year 2023, contributes to the area's robust retail environment. This investment offers a compelling combination of strong tenant credit, attractive financial metrics, and a desirable location. The asking price is $1,247,000, translating to a price per square foot of $118.76.