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Views: 132 DOM: 214 Updated: 11.08.24 Posted: 05.21.24 Status: Active

Summary

Price $1,583,000
Built/Renov 2014
Tenant Dollar General Market
Cap Rate 7.50%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 12,406
Lease Start 03-01-2014
#Units 19,986
Price/SF $127.60
Expiration 02-28-2029
Tenant Type Dollar/Discount
NOI $118,697
R. Term 4.2
Ownership Fee Simple
Rent/SF $9.57
Increases 10.0%/5/yrs
Pop 5Mi 3,441
Lot/AC 1.31
Options 4/5yrs/10%
AHHI 5Mi $55,602

Lease Highlights

  • Relocation Store | Fully remodeled by Dollar General Corporate in 2021
  • The tenant has 4+ years remaining on the current lease term with 4 (5-year) options to extend
  • The lease features 10% rental increases at the start of each option period
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

Dollar General Market is strategically located along North 9th Street, the towns main corridor. Neighboring national/credit tenants in the area include Sonic, Subway, and Pizza Hut. The 5-mile trade area is supported by 3,441 residents earning an average annual income of $55,602. Osage City is the metropolis of Osage County in Kansas, with an estimated population of 2,800 within the city’s...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Dollar General Corporation (NYSE: DG) is an American chain of  variety stores . The stores deliver everyday low prices on items including food, snacks, health, and beauty aids, cleaning...


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Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 2,544 3,031 3,294
2024 Total Population : 2,583 3,077 3,343
2024 Employed Civilian Pop : 1,130 1,368 1,515
2024 Total Businesses : 118 144 149
2024 Average Household Income : $ 66,838 $ 67,882 $ 69,309
2024 Total Consumer Spending : $ 68 M $ 80 M $ 89 M
2024 Median Age : 42 42 43
2024 Total Households : 1,127 1,313 1,426
2024 Pop Age 25+: Bachelor's Degree : 206 255 289
2024 Average Home Value : $ 163,668 $ 170,946 $ 180,521
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
KS 31 Holliday St 2021 4,420 0.06 mi
KS 31 Holliday St 2021 4,420 0.06 mi
E California St 2021 1,631 0.33 mi
E California St 2021 1,631 0.33 mi
Laing Street N 13th St 2018 4,650 0.43 mi
Laing Street S Indian Hills Rd 2021 3,030 0.67 mi
241st Street Van Buren St 2021 104 0.71 mi
Market Street N 4th St 2021 2,390 0.81 mi
Market Street Market St 2018 2,510 1.06 mi
South Martin Street W California St 2021 1,420 1.10 mi

Listing Broker

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