1701 Main St La Crosse, KS 67548-9801
- Outlet malls
- 9,294 SF
- 0.77 lot acres
Current Use by Public Records
- Dollar General / Candy Store / Discount Store
- FedEx OnSite / Mailing Service
- Western Union / Money Transfer Service
Property Details for 1701 Main St
- Year built
- 2015
- Lot size
- 0.77 lot acres
- Property size
- 9,294 SF
- Property type
- Outlet malls
- APN
- 088-28-0-00-01-011.00-0
- APU
- 882800001011000
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- La Crosse
- County
- Rush
- State
- Kansas
- Longitude
- -99.3104
- Latitude
- 38.5397