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31082594

12650 198th St, Linwood, KS 66052

BB
KS 239819, OH BRK.200900214 (+21)
Bang Realty
RM
MI MI 6505433330
Elevate Net Lease
JD
MI MI 6505433330
Elevate Net Lease
JS
MI 6505433330
Elevate Net Lease
Listed by Bang Realty, Elevate Net Lease
$1,487,808
80 days on market
Updated 80 days ago

Dollar General

Details
Property Type Retail
Sub Type Convenience Store, QSR/Fast Food (+1)
Square Footage 10,566
Net Rentable (SqFt) 10,566
Cap Rate 6.25%
NOI $92,988
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General
Lease Type Absolute NNN
Lease Term 15.1
Lease Expiration 12/31/2036
Remaining Term 10.6
Rent Bumps Yes
Lease Options (4) 5-Year
Price per SqFt $141
Broker Co-Op Yes
Year Built 2021
Buildings 1
Acreage 2.500
Investment Type Stabilized
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 12/05/2021
Occupancy Date 12/05/2021
Ownership Fee Simple
Sale Condition 1031 exchange

Retail | 6.25% CAP | 10,566 SqFt

Investment highlights

  • Accessible Location Serving Linwood and Surrounding Communities – The Property is Located in Linwood, Kansas, a Community Positioned within the Greater Kansas City MSA, Providing Convenient Access to Surrounding Residential Neighborhoods and Supporting Demand for Retail and Service-Oriented Businesses.

  • Significant Job Growth from Panasonic EV Battery Plant – Located near the $4+ billion Panasonic EV Battery Plant under construction in De Soto, KS, one of the largest economic development projects in Kansas history. The facility is expected to generate 4,000+ direct jobs and thousands of additional indirect jobs, bringing substantial new employment, housing demand, and consumer spending to the surrounding trade area.

  • Community-Centered Market With Consistent Local Consumer Base – Linwood Serves as a Residential Community Supporting Nearby Townships and Rural Areas, Providing a Reliable Customer Base for Convenience Retail and Essential Services.

  • Convenient Connectivity to Regional Transportation Routes – The Property Benefits from Proximity to Major Regional Roadways Connecting the Area to Nearby Cities and Employment Centers within the Greater Kansas City Market.

  • Growing Residential Trade Area Supporting Daily-Needs Retail – The Surrounding Area Features a Stable Residential Population Base that Supports

  • Consistent Demand for Local Retail, Dining, and Service-Based Businesses. Stable Secondary Market With Long-Term Investment Appeal – Positioned within a Measured-Growth Submarket in Eastern Kansas, the Property Benefits from Predictable Demand Drivers and Community-Oriented Retail Activity that Support Durable Long-Term Investment Performance.

Listing Contacts

BB
KS 239819, OH BRK.200900214 (+21)
Bang Realty
RM
MI MI 6505433330
Elevate Net Lease
JD
MI MI 6505433330
Elevate Net Lease
JS
MI 6505433330
Elevate Net Lease
Listed by Bang Realty, Elevate Net Lease

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$92,988.00
$7,749.00/mo

Valuation Metrics

0
DSCR
6.25%
Cap Rate
6.25%
ROI

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Additional Information

Name
Brian Brockman
License
239819
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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