Listed by ParaSell Inc, SHOP Companies
$1,817,000
DG Market - Silver Lake, KS
Details
APN 0851601011006000
Property Type Retail
Sub Type Grocery Store, Dollar store
Square Footage 11,696
Units 1
Cap Rate 7.55%
NOI $140,866
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General
Lease Term 10
Lease Expiration 09/30/2034
Remaining Term 8.3
Rent Bumps Yes
Lease Options Four (4), 5-Year Options
Year Built 1969
Year Renovated 2024
Acreage 1.340
Tenant Credit Corporate Guarantee
Lease Commencement 09/22/2024
Ground Lease No
Dollar General Market (S&P: BBB) | 7.75% CAP
Marketing description
SHOP Companies is pleased to present the opportunity to acquire a NN-leased Dollar General Market in Silver Lake, Kansas. The property recently underwent significant renovations in 2024, including over $100,000 invested into the roof and parking lot. The lease offers over 8 years of remaining term, along with four (4) additional 5-year renewal options.
In Association with ParaSell, Inc. | A Licensed Kansas Broker #CO00002998
Investment highlights
- Newly Renovated Dollar General Market with 8+ Years of 7.75% Lease Term Remaining
- Guaranteed by Dollar General Corporation (S&P: BBB)
- Over $100K Invested in Repairs to the Roof & Parking Lot
- The Only Essential Goods Provider in Silver Lake
- This Location is a Dollar General Market - Enhanced Store Format Offering Expanded Grocery and Fresh Food Selections Dollar General Markets Provide for More Cost Segregation Tax Incentives
- Strategically Positioned along U.S. Highway 24, the Primary Commercial Corridor and Main East–West Thoroughfare through Silver Lake and a Key Commuter Route to Topeka
- Above-Average Household Incomes Exceeding $105,000 within a 5-Mile Radius
Listing Contacts
Listed by ParaSell Inc, SHOP Companies
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$140,866.00
$11,738.83/mo
Valuation Metrics
0
DSCR
7.75%
Cap Rate
7.75%
ROI
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