Dollar General

420 North Rose Hill Road, Rose Hill, KS 67133

$750,000

Cap Rate 7.60%

Views: 121 DOM: 235 Updated: 10.16.24 Posted: 03.25.24 Status: Active

Summary

Price $750,000	Built/Renov 2007	Tenant Dollar General
Cap Rate 7.60%	Lease Type Double NN	Guarantor Corp T and Rated
Size/SF 9,100	Lease Start 02-28-2007	#Units 19,986
Price/SF $82.42	Expiration 08-31-2027	Tenant Type Dollar/Discount
NOI $57,000	R. Term 2.9	Ownership Fee Simple
Rent/SF $6.26	Increases 10.0%/3/yrs	Pop 5Mi 9,430
Lot/AC 1.10	Options 5/5yrs/10%	AHHI 5Mi $105,163

Lease Highlights

Dollar General has been operating in this location since 2007
The tenant has 2+ years remaining on the current lease term with 5 (5-year) options to extend
The lease features 10% rental increases throughout the initial term and option periods
Corporate guarantee | Investment grade tenant

Location Description

Dollar General is strategically located on North Rose Hill Road, with access to 7,800 vehicles passing by daily. This prime location enjoys limited competition, being one of only two discount stores serving the city of Rose Hill. Additionally, it is situated within Rose Hill's primary residential corridor, providing a direct consumer base from which to draw. Key community educational...

...

Key Features

In location for years
Dense retail corridor
Near major nationals
Strategically located
Affluent AHHI $100K 5 Mi
Long operation history
Limited competition
Traded and rated company
Corporate Guarantee
Investment grade tenant

...

Links

Dollar General Wikipedia Dollar General Wikipedia Rose Hill, Kansas Zip Code 67133 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Dollar General
Guarantor:Corp T and Rated
Company:Dollar General Corporation
# Units:19,986
Tenant S&P: BBB
Moody’s: Baa2
Stock: NYSE: DG

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...

...

Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	3,317	6,499	9,699
2023 Total Population :	3,268	6,378	9,489
2023 Employed Civilian Pop :	1,719	3,344	4,882
2023 Total Businesses :	90	122	167
2023 Average Household Income :	$ 92,118	$ 104,642	$ 108,939
2023 Total Consumer Spending :	$ 88 M	$ 198 M	$ 315 M
2023 Median Age :	37	40	41
2023 Total Households :	1,129	2,237	3,408
2023 Pop Age 25+: Bachelor's Degree :	530	1,119	1,794
2023 Average Home Value :	$ 215,190	$ 278,658	$ 306,651

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
	SW 180th St	2021	2,318	0.12 mi
	SW 180th St	2021	2,318	0.12 mi
	W Showalter	2021	4,738	0.42 mi
	W Showalter	2021	4,738	0.42 mi
South Rose Hill Road	W Showalter	2018	5,223	0.42 mi
	Poston Ave	2021	1,705	0.45 mi
	Poston Ave	2021	1,705	0.45 mi
Southwest Butler Road	SW 200th St	2021	3,439	0.92 mi
Southwest Butler Road	SW 190th St	2018	4,400	0.92 mi
West Rosewood Street	SW Butler Rd	2018	7,089	0.93 mi

Listing Broker

William Wamble

SRS National Net Lease Group

Contact

186 Listings
20393 Views
49 Sold

Patrick Nutt

SRS National Net Lease Group

Contact

262 Listings
26707 Views
93 Sold

William Wamble

Will Wamble joined SRS in early 2019 and specializes in the advisory and sale of net leased properties, specifically in the Southeast. With more than $350M worth of transactional experience in his career, Will prides himself on valuing hard work and dedication to his clients. Will emphasizes collaboration and putting the best team together to find creative solutions to getting transactions completed. He started his commercial real estate career in 2013 with Marcus & Millichap where he focus

...

Patrick Nutt

Patrick Nutt joined SRS as executive vice president for the National Net Lease Group and market leader in the Fort Lauderdale office in 2019. He leads the Fort Lauderdale office where he is tasked with recruiting and expansion efforts in the region and elevating the SRS brand throughout Florida. Additionally, Patrick Co-heads the National Net Lease Group for SRS, a group of 50 investment sales professionals who in 2020 managed over 500 transactions with an aggregate value of nearly $2 Billion

...

Disclaimer & Confidentiality

All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT