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Dollar General 1612 N Ohio St 9,026 SF Retail Building Augusta, KS 67010 $1,120,000 ($124.09/SF) 8.10% Cap Rate

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INVESTMENT HIGHLIGHTS

Corporate NNN Lease with nearly 9 Years Remaining (No Landlord Responsibilities)
Pad Building to Dillons Food Store (Kroger)

Dollar General (NYSE:DG) holds an Investment Grade Credit Rating (S&P:BBB)

EXECUTIVE SUMMARY

Marcus & Millichap is pleased to present a freestanding Dollar General located in Augusta, KS. There are currently just less than 9 years remaining on a triple net lease. In addition to the 3% increase in 2028, the lease calls for 10% increases in each of the 4, 5- year renewal options. The subject property is strategically located along Ohio Street in front of the Dillons Food Store. Additional nearby traffic generators include the Augusta Country Club, Augusta High School, and Augusta Lake. Supportive single family residences surround the subject property.

OM DG Kansas

PROPERTY FACTS In Escrow

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Freestanding

Building Size

9,026 SF

Building Class

Year Built

2018

Price

$1,120,000

Price Per SF

$124.09

Cap Rate

8.10%

NOI

$90,672

Tenancy

Single

Building Height

1 Story

Building FAR

0.32

Lot Size

0.64 AC

Parking

32 Spaces (3.54 Spaces per 1,000 SF Leased)

Signage

Wheelchair Accessible

Retailer
-
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DG is proud to be America’s neighborhood general store. They strive to make shopping hassle-free and affordable with convenient, easy-to-shop stores all across the states. DG's stores deliver everyday low prices on items including food, snacks, health and beauty aids, cleaning supplies, basic apparel, housewares, seasonal items, paper products and much more from America’s most-trusted brands and products, along with high-quality private brands. From serving their customers with value and convenience and their employees with career opportunities to serving the communities they call home through literacy and education, Dollar General has been committed to its mission of Serving Others since the company’s founding in 1939.