Dollar General – Effingham, KS

$1,529,412
Price
$104,000
Noi
6.80%
Cap Rate
10,542
Leasable Area
2023
Year Built

Fortis Net Lease is pleased to present this 2023 BTS, 10,542 SF. Dollar General plus store located in Effingham, Kansas – Kansas City Market! The property offers a Fifteen (15) Year Absolute NNN Lease, leaving zero landlord responsibilities. The lease contains 5 (5 year) options to renew, each with a 10% rental rate increase. The lease is corporately guaranteed by Dollar General Corporation which holds a credit rating of “BBB”, which is classified as Investment Grade. The store completed construction & successfully opened to the public in April 2023.

This Dollar General is highly visible as it is strategically positioned off of Highway 159 on John Street. It is the only dollar store serving the community! The ten mile population from the site is 3,837 while the three mile average household income $57,211 per year, making this location ideal for a Dollar General. The Subject offering represents an ideal opportunity for a 1031 exchange buyer or a “passive” investor to attain the fee simple ownership of Dollar General. This investment will offer a new owner continued success due to the financial strength and the proven profitability of the tenant, the nation’s top dollar store. List price reflects a 6.80% cap rate based on NOI of $104,000.04.

INVESTMENT HIGHLIGHTS
• Brand New 15 Year Absolute NNN Lease
• Zero Landlord Responsibilities
• Kansas City Market | Concrete Parking Lot
• 2023 BTS Construction | Opened in April
• 5 (5 Year) Options | 10% Increases At Each Option
• The Only Dollar Store Serving the Community!
• Three Mile Household Income $57,211
• Ten Mile Population 3,837
• Investment Grade Dollar Store | BBB Credit Rating
• DG Reported 32 Consecutive Years of Same Store Sales Growth
• Corner Site | Off of Highway 159

Instate Broker of Record: Brian Brockman | Bang Realty

CONTACT US REGARDING THIS LISTING

BRYAN BENDER

Partner

ANDREW BENDER

Investment Advisor

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OFFERING MEMORANDUM