Dollar General – Linwood, KS
Fortis Net Lease is pleased to present this 9,100 SF. Dollar General Plus store located in Linwood, Kansas – part of the Kansas City MSA. The property is secured with a 15 year Absolute NNN Lease leaving zero landlord responsibilities. The lease contains 4 (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 has been open & operating successfully since January 2022.
This Dollar General is highly visible as it is strategically positioned on the corner of 198th Street and East 1st St which sees 3,157 cars per day. It is the only dollar store serving this community (no competition within 7+ miles). The ten mile population from the site is 58,355 while the three mile average household income $100,791 per year, making this location ideal for a Dollar General. This area is seeing great growth with the 10 mile population growth rate at 5.40%. 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 5.15% cap rate based on NOI of $92,988.
• 15 Year Absolute NNN Lease | Zero Landlord Responsibilities
• Kansas City Market Area
• The Only Dollar Store Serving the Community
• No Competition Within 7+ Miles
• 2022 BTS Construction | Corner Location
• 4 (5 Year) Options | 10% Increases At Each Option
• Three Mile Household Income $100,791
• Ten Mile Population 58,355 | Expected 5.40% Growth
• 3,157 Cars Per Day at 198th Street and East 1st St
• Investment Grade Dollar Store With “BBB” Credit Rating
• DG Reported 32 Consecutive Quarters of Same Store Sales Growth
Instate Broker of Record: Brian Brockman | Bang Realty, Inc.