DOLLAR GENERAL | ROSE HILL, KANSAS



INVESTMENT SUMMARY

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

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