2020 K St Fairbury, NE 68352-1208
- Retail space
- 9,100 SF
Current Use by Public Records
- Retail space
Property Details for 2020 K St
- Year built
- 2006
- Construction
- STEEL FRAME
- Property size
- 9,100 SF
- Zone code
- 03-COMMERCIAL
- Property type
- Retail space
- APN
- 480133158
- APU
- 480133158
Description
This exceptional investment opportunity features a 9,100 square foot Dollar General store located at 2020 K St, Fairbury, Nebraska, 68352. The property, built in 2006 and situated on a 0.5-acre lot, boasts a strong Net Operating Income (NOI) of $54,000. A recent lease extension, executed in early 2024, extends the lease term to October 31st, 2031, demonstrating the tenant's long-term commitment to this location. The property benefits from significant recent improvements, including a new membrane roof installed in February 2024 and extensive HVAC upgrades completed in the fall of 2023, featuring new condensers. This single-tenant, net lease property offers minimal landlord responsibilities. The strategic location along Highway 15 (K St) provides excellent visibility and accessibility, further enhanced by its proximity to Tractor Supply Company within the same commercial development. This is a rare opportunity to acquire a well-established, high-performing Dollar General investment with a secure, long-term lease and minimal ongoing maintenance requirements. The property is 100% occupied and benefits from a corporate guarantee. The tenant is Dollar General, a nationally recognized and financially stable corporation. Fairbury is the county seat of Jefferson County, Nebraska, offering a stable and supportive community environment. This property presents a compelling investment opportunity with significant upside potential.
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
- Fairbury
- County
- Jefferson
- State
- Nebraska
- Longitude
- -97.1705
- Latitude
- 40.1555
