Have For Sale

Altamont Retail

Absolute NNN Dollar General Investment Property
200 W 4th Street
Altamont, Kansas 67330

Have For Sale
Price : $1,068,800.00
Property Size : 9100/SF on .94 acres land

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Pamela Avison
SVN Oak Realty Advisors

Property Description

Newly constructed Dollar General located in Labette County KS. This store serves as a primary convenience shopping destination for residents within a 10 mile radius. The average HH income is $54,336 based on Esri Demographics. Rent commencement for initial 15-year term began Jan 2016. Lease has five renewal options with 10% escalations for each renewal. Lease guaranteed by Dollar General which holds an investment grade credit rating of BBB-/Stable with S&P. Their credit rating has been raised four times since 2009.
Absolute NNN with no Landlord obligations. Annual rent is $69,471.96 and Cap Rate is 6.5%.