Dollar General
PRICE
CAP RATE
SQUARE FOOTAGE
LEASE TERM

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Robert Bender

Managing Partner

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PROPERTY ADDRESS

538 N. Main St., Caldwell, KS 67022

PROPERTY INFORMATION

Price:
$1,061,640
Cap Rate:
6.95%
Term Remaining:
13 Years
Year Built:
2016
Status:
Available

INVESTMENT HIGHLIGHTS

  • New 9,002 SF Dollar General Absolute NNN 15 Year Lease with NoLandlord Responsibilities
  • Five, Five Year Options | 10% Rent Increases at Each Option
  • Corporate Guarantee | “BBB” S&P Rating
  • Ideal Investment for 1031 Exchange

INVESTMENT SUMMARY

Fortis Net Lease is pleased to present a Dollar General located at 538 N Main Street in Caldwell, KS. This Absolute NNN lease has no landlord responsibilities and there are approximately fourteen years remaining in the initial lease term. The lease has a corporate guarantee from Dollar General which has a “BBB” S&P rating.

The population within ten miles exceeds 1,700 residents and the subject property is situated on a local retail corridor. The median home value within ten miles exceeds $70,000 and the average household income exceeds $64,000. The subject property has no competitive retail in the surrounding area.