Dollar General
PRICE
CAP RATE
SQUARE FOOTAGE
LEASE TERM

CONTACT US REGARDING THIS LISTING

Bryan Bender

Partner & Managing Director

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PROPERTY ADDRESS

Old Mill & Hwy 50, Peabody, KS 66866

PROPERTY INFORMATION

Price:
$1,067,314
Cap Rate:
7.0%
Term Remaining:
15 Years
Year Built:
2017
Status:
Available

INVESTMENT HIGHLIGHTS

  • Brand New Absolute NNN Lease
  • 3% Bump in Year 11
  • Zero Landlord Responsibilities
  • 15 Year Term | Four (5 Year) Options
  • One Mile Household Income $48,214
  • Five Mile Population Exceeds 1,726
  • Highly Visible From US Highway 50
  • Only Investment Grade Dollar Store

INVESTMENT SUMMARY

Fortis Net Lease is pleased to present this 7,489 SF Dollar General store located in Peabody, KS. The property is encumbered with a Fifteen (15) Year Absolute NNN
Lease, leaving zero landlord responsibilities. The Lease contains a 3% bump in year of 11 of the term. The lease contains Four (5) Yr. 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 is open, with rent having commenced on 6/23/2017.

This Dollar General will highly visible and is strategically positioned in Peabody, KS. The five mile population from the site exceeds 1,700 while the one mile median
household income exceeds $48,000 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 a 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 7.00% cap rate based on NOI of $74,712.