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Dollar General 405 Grant St 7,489 SF Retail Building Atwood, KS 67730 $1,191,600 ($159.11/SF) 7.25% Cap Rate
Investment Highlights
- The subject is the sole general-merchandise discount retailer operating in Rawlins County
- Positioned near the junction of U.S. Route 36 and K-25, Atwood’s primary highway intersection, with pylon signage providing direct roadway visibility
- Dollar General corporate guaranty backs a 15-year absolute NNN lease that commenced January 1, 2020, with nine years of primary term remaining
- The nearest former dollar-store competitor, a Family Dollar in Oberlin, KS, permanently closed April 11, 2024
- Rawlins County Health Center, a county-owned 24-hour critical access hospital and the area’s primary employer, located approximately two blocks away
- Four renewal options provide lease runway well beyond the primary term, with rental increases at each option period
Executive Summary
The subject property, an Absolute NNN Dollar General store, is the sole general-merchandise discount retailer operating in Rawlins County.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
7,489 SF
Year Built
2019
Price
$1,191,600
Price Per SF
$159.11
Cap Rate
7.25%
NOI
$86,388
Tenancy
Single
Building Height
1 Story
Building FAR
0.28
Lot Size
0.62 AC
Zoning
C-2
Parking
26 Spaces (3.47 Spaces per 1,000 SF Leased)
Frontage
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 153-08-0-10-04-003.00-0 | Improvements Assessment | $9,783 |
| Land Assessment | $2,613 | Total Assessment | $12,396 |
Property Taxes
Parcel Number
153-08-0-10-04-003.00-0
Land Assessment
$2,613
Improvements Assessment
$9,783
Total Assessment
$12,396
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