Property profile

1701 Main St La Crosse, KS 67548

OFF-MARKET
Outlet malls
Property ID
US33-0315072
9,294 SF 0.77 ac lot Built 2015
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional investment opportunity features a portfolio of three Dollar General properties located in Kansas: La Crosse (1701 Main St, 67548), Cawker City (1208 Wisconsin St, 67430), and Lincoln (1886 State Hwy 18, 67455). The portfolio totals 27,226 square feet, built in 2014/2015 and renovated in 2016, situated on 5.5 acres of land. Each property boasts an Absolute NNN lease with Dollar General, an investment-grade tenant (S&P rating BBB), minimizing landlord responsibilities. The current leases have approximately 5-6 years remaining on the primary term, with four 5-year options available on each. The portfolio offers a compelling 8.00% cap rate and a strong NOI of $207,525, with an asking price of $2,594,550 ($95.30/sq ft). Future rent increases are projected, further enhancing the return on investment. This is a rare opportunity to acquire a well-performing, low-maintenance retail portfolio anchored by a highly reputable national tenant. The properties are fee simple ownership.

Property profile

Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Year built 2015
Total area 9,294 SF
Lot 0.77 ac (33,541 SF)
APN 088-28-0-00-01-011.00-0
UPID US33-0315072

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Discount Store
  • Postal Service Courier Service
  • Bank Credit Union

Location

1701 Main St La Crosse, KS 67548-9801
La Crosse metro Census 972300
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.29M

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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