Dollar General – Victoria, KS
Fortis Net Lease is pleased to present this brand new 10,566 SF. Dollar General Plus store located in Victoria, Kansas. The property is secured with a 15 year Absolute NNN Lease leaving zero landlord responsibilities. The lease contains 5% rent increases every 5 years including at each of the 4 (5 year) options to renew. The lease is corporately guaranteed by Dollar General Corporation which holds a credit rating of “BBB”, which is classified as Investment Grade. The store is currently under construction with rent start and opening on track for December 2023.
This Dollar General is highly visible as it is strategically positioned off Interstate 70,which sees 16,115 cars per day, on Highway 40 which sees 1,440 cars per day. The site sits only 1.4 Miles from Basilica of St. Fidelis, which attracts over 16,000 tourists/year. The 10 mile population from the site is 14,316 while the 3 mile average household income is $68,525 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 6.30% caprate based on NOI of $119,736.
INVESTMENT HIGHLIGHTS
• 15 Year Absolute NNN Lease | Zero Landlord Responsibilities
• RARE 5% PRIMARY TERM Rent Increases Every 5 Years!
• 2023 BTS Plus Size | Plus Size Design
• Only 9 Miles to Hays, KS | 10 Minute Drive
• 4 (5 Year) Options | 5% Increases At Each Option
• Three Mile Household Income $68,525
• Ten Mile Population 14,316
• Easy Access to Interstate 70 | 16,115 VPD
• On Main Thoroughfare | 1,440 VPD
• Investment Grade Dollar Store With “BBB” Credit Rating
• Basilica of St. Fidelis (“The Cathedral of the Plains”) | The Basilica Welcomes Over 16,000 Tourists a Year
Instate Broker of Record: Brian Brockman Bang Realty