721 S Webster St Spring Hill, KS 66083
- Grocery and convenience stores
- 10,500 SF
- 1.30 lot acres
Current Use by Public Records
- Family Dollar / Dollar Store / Clothing Store
Property Details for 721 S Webster St
- Year built
- 2023
- Lot size
- 1.30 lot acres
- Property size
- 10,500 SF
- Property type
- Grocery and convenience stores
Description
This exceptional investment opportunity presents a fee-simple ownership of a brand-new, 10,500 square foot Family Dollar/Dollar Tree store, built in 2023, located at 721 S Webster St, Spring Hill, KS 66083. The property sits on a 1.3-acre lot with excellent visibility and access, boasting 5,233 cars per day passing by, and is conveniently located a half-mile from US-169 (19,522 CPD). The property features a 10-year net lease (NNN) with a corporate guarantee from Dollar Tree, Inc. (a Fortune 200 company), providing significant financial stability. The lease commenced July 21, 2023, and expires July 31, 2033, leaving 8.7 years remaining. The lease includes four 5-year renewal options with $0.50 per square foot rent bumps every five years. The current annual net operating income (NOI) is $129,465, resulting in a compelling 7.25% cap rate. The property is zoned C and enjoys 100% occupancy. The surrounding area demonstrates strong demographics, with an average household income within one mile exceeding $153,335 in 2024, and a population within five miles of 89,416. This is a rare opportunity to acquire a high-performing, low-risk retail investment in a thriving Kansas community. The property's location benefits from proximity to major highways, numerous national retailers, and significant educational and medical institutions, further enhancing its long-term value and potential.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Spring Hill
- County
- Miami
- State
- Kansas
- Longitude
- -94.825434133321
- Latitude
- 38.733432463006
