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Recently Renewed Low Price Point Dollar General



$390,000

FOR SALE

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Kansas, KS

  • Income Overview:
    $33,000 Base Annual Rent
    $19,755 Percentage Rent
    $2,160 Tax Reimbursement
    ($17,956) Property Taxes
    $33,000 = NOI
  • Lease Overview:
    Lease Type: Modified Gross Lease
    Lease Expiration: 12/31/2022
    Options & Increases: One, 5-Year; 9.6%
    Paid by Tenant: Insurance
    Paid By Landlord: Property Taxes, Parking Lot Maintenance, Roof & Structure, HVAC
  • Percentage Lease is paid at the end of each year and is based on the store's gross sales. Dollar General Pays Landlord 2% of all gross sales over $1,040,000.
  • Nearest Dollar Store is 30 Miles Away
  • Recent 5 Year Lease Extension - No Landlord Concessions in Extension
  • Rare Opportunity to Acquire National Credit Tenant at an 8.5% CAP Under $400K.
  • Above Average Store Sales - Store Paying Percentage Rent in Addition to Base Rent
  • Low Tennant Costs Creates High Likelihood of Future Renewals
  • Low Price Point Dollar General - Reporting Very Strong Sales

Documents

 
No Documents for this Property


  • Sale Comps $0K - $0K
  • Property Type Commercial
  • Location Kansas, KS
  • Size 7500 sq. ft.
  • Bedrooms 0
  • Bathrooms 0
  • TAV 354.4K
  • Annual Taxes $17,965
  • Year Built 2001

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