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Dollar General 2101 N Buckeye Ave 15,769 SF 100% Leased Retail Building Abilene, KS 67410 $830,000 ($52.63/SF) 7.03% Cap Rate
Investment Highlights
- 100% LEASED | ESTABLISHED LONG-TERM TENANCY | Fully leased to Dollar General and Yesterday's Rose, both operating at the property for 25 years.
- BELOW REPLACEMENT COST | Offered at just $52/SF with over $220,000 invested in recent capital improvements.
- HIGH VISIBILITY | Excellent frontage, monument signage, and convenient ingress/egress provide outstanding exposure.
- NO RENEWAL OPTIONS | BELOW MARKET RENT | Leases expire June 30, 2031 with no renewal options. Current rents are approximately 50% below market.
- PRIME I-70 LOCATION | One block from Interstate 70 (35,000+ VPD) at Abilene's primary retail intersection.
- STRONG ECONOMIC DRIVERS | Nearby major employers and regional attractions support a stable consumer base and long-term demand.
Executive Summary
This offering presents a 100% leased, below-replacement-cost acquisition with approximately 50% rent upside at Abilene's dominant retail intersection.
The property is leased to Dollar General and Yesterday's Rose, both of which have occupied the center for 25 years. Both recently renewed their final option for five-year terms showing commitment to the property. With no remaining renewal options and rents estimated to be approximately 50% below market, investors benefit from stable cash flow and a clear path to future value creation.
Priced at just $52 per square foot, the property can be acquired significantly below replacement cost and features substantial parking, excess land, and a flexible dual-building configuration. Ownership has invested more than $220,000 in capital improvements, enhancing the asset's long-term appeal.
The property is adjacent to a high-performing McDonald's generating approximately $3.35 million in annual sales and directly across from Country Mart and Holm Chevrolet, positioning it at Abilene's primary retail corridor. The local economy is supported by major employers Kubota/Great Plains and Russell Stover Chocolates (1,600+ employees combined), a stable population base, and approximately 166,000 annual visitors. Located along Interstate 70, Abilene functions as a stable, self-contained trade area serving both local residents and travelers.
The property is leased to Dollar General and Yesterday's Rose, both of which have occupied the center for 25 years. Both recently renewed their final option for five-year terms showing commitment to the property. With no remaining renewal options and rents estimated to be approximately 50% below market, investors benefit from stable cash flow and a clear path to future value creation.
Priced at just $52 per square foot, the property can be acquired significantly below replacement cost and features substantial parking, excess land, and a flexible dual-building configuration. Ownership has invested more than $220,000 in capital improvements, enhancing the asset's long-term appeal.
The property is adjacent to a high-performing McDonald's generating approximately $3.35 million in annual sales and directly across from Country Mart and Holm Chevrolet, positioning it at Abilene's primary retail corridor. The local economy is supported by major employers Kubota/Great Plains and Russell Stover Chocolates (1,600+ employees combined), a stable population base, and approximately 166,000 annual visitors. Located along Interstate 70, Abilene functions as a stable, self-contained trade area serving both local residents and travelers.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
15,769 SF
Year Built/Renovated
1982/2026
Price
$830,000
Price Per SF
$52.63
Cap Rate
7.03%
NOI
$58,322
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.25
Lot Size
1.43 AC
Zoning
CS - Countryside District
Frontage
130’ on Buckeye Ave
Amenities
- 24 Hour Access
- Corner Lot
- Dedicated Turn Lane
- Fenced Lot
- Freeway Visibility
- Mezzanine
- Pylon Sign
- Signage
- Signalized Intersection
- Tenant Controlled HVAC
- Kiosk/Cart Space
- Drive Thru
- Storage Space
- Monument Signage
- Air Conditioning
- Smoke Detector
- Backup Power / Generators
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
-
99,999 SF
- -
-
Lorem Ipsum
- -
Dollar General began in 1939 as J.L. Turner and Son Wholesale Company, a dry-goods business created by J.L. Turner and Cal Turner. The company later evolved into a discount retailer and now focuses on everyday essentials, including food, health and wellness products, cleaning and laundry supplies, self-care and beauty items, and seasonal décor, alongside private brands and well-known national brands. Dollar General also operates DG Market, DGX, and pOpshelf formats in the United States and Mi Súper Dollar General stores in Mexico, while continuing to build a broad convenience-oriented general merchandise business.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | 99,999 SF | - | Lorem Ipsum | - |
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 112-09-0-10-02-010.00-0 | Improvements Assessment | $84,950 |
| Land Assessment | $19,375 | Total Assessment | $104,325 |
Property Taxes
Parcel Number
112-09-0-10-02-010.00-0
Land Assessment
$19,375
Improvements Assessment
$84,950
Total Assessment
$104,325
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Dollar General | 2101 N Buckeye Ave