DOLLAR GENERAL | ROSE HILL, KANSAS

Purchase Price
$775,510
Location
420 N. Rose Hill Rd
Cap Rate
7.35%
Annual Rent
$57,000.00
Building Size
9,100 SF
Land Area
1.10 Acres
Ownership
Fee Simple
Lease Type
NN
Term Remainning
4.25 Years
LEASE EXPIRATION
08/31/2027
Renewal Options
Five (5) - Five (5) Year
RENT INCREASES
5.50% at Opt 1, 10% at Opt 2-5
Parking
32 Spaces
Year Built
2007
APN
008-319-32-0-30-14-012.01-0
Traffic Counts
8,369 VPD

INVESTMENT HIGHLIGHTS

 

DOLLAR GENERAL CORPORATE LEASE:

  • 4.25 Years of Guaranteed Lease Term (Lease Exp: 08/31/2027)
  • 2007 Build to Suit Construction
  • Five (5) - Five (5) Year Option Periods with Rental Increases
 

NN LEASE:

  • Landlord Responsibilities Limited to Roof, Structure, Parking Lot & HVAC Units
  • Tenant Contributes $398 Per Month for Parking Lot Maintenance
  • This Location is Part of Dollar General’s National Insurance Program
 

BRAND NEW HVAC UNITS - 2023:

  • All 4 HVAC Units Were Replaced in 2023
 

LOW RENT:

  • Tenant is Only Paying $6.26 PSF
 

WICHITA MSA:

  • One of the Fastest Growing Areas of Kansas (650,039 Population)
  • Major Hub for Aircraft Production, Earning its Name "The Air Capital of the World"
 

PROXIMITY FROM ROSE HILL, KANSAS:

  • Wichita, KS | 18 Miles
  • Topeka, KS | 137 Miles
  • Tulsa, OK | 159 Miles
  • Overland Park, KS | 184 Miles
 

TRADE AREA DEMOGRAPHICS:

  • 1-Mile Population: 3,235 Residents
  • 1-Mile Average Household Income: $126,085
  • 3-Mile Population: 6,196 Residents
  • 3-Mile Average Household Income: $128,631
  • 5-Mile Population: 9,393 Residents
  • 5-Mile Average Household Income: $126,125
  • 7-Mile Population: 30,811 Residents
  • 7-Mile Average Household Income: $120,856
 

TENANT:

  • Dollar General Corporation (NYSE: "DG")
  • Strong Investment Grade Credit Rating of "BBB" by Standard & Poor's
  • 19,488 Stores in 47 States as of August 4, 2023

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