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Dollar General - Altamont, KS

200 West 4th st, Altamont, KS 67330

Listing Price: $1,029,214

Cap Rate
6.75%
Tenant Name
Dollar General
Years Remaining On Lease
7.3
Gross SF
9,100
Guarantor
Corporate Guarantee
Rentable SF
9,100
Price/Gross SF
$113.10
Lease Type
Absolute Net
Rent Per Square Feet
$7.63

Investment Overview

Marcus & Millichap presents for sale the Dollar General in Altamont, KS. This 9,100 SF property sits on 0.94 acres of land. The Dollar General was built in 2015 along the main thoroughfare through the city.

The lease on the property is an Absolute Net lease, requiring no landlord responsibilities. There is a
Corporate Guarantee with the lease, provided by Dollar General, who has an S&P Credit Rating of BBB.

The City of Altamont itself is small, but it services the rural vicinity. Demographics in a 15-mile radius are over 20,000 people.

Investment Highlights

  • About 7 Years Remaining on Lease Term with Five, 5-Year Options
  • Absolute Net Property - No Landlord Responsibilities
  • Strong Dollar General Corporate Lease Guarantee by Dollar General Corporation, Inc.
  • Dollar General S&P Credit Rating of BBB
  • This Dollar General is the only Franchise Chain in a 10-Mile Radius

Exclusively Listed By

Broker of Record

  • Colby Haugness

    First Vice President Investments

    (816) 410-1010

    License(s) KS: 00241410

    Kansas

Discount

Dollar General - Altamont, KS

Listing Price: $1,029,214

Cap Rate
6.75%
Tenant Name
Dollar General
Years Remaining On Lease
7.3
Gross SF
9,100
Guarantor
Corporate Guarantee
Rentable SF
9,100
Price/Gross SF
$113.10
Lease Type
Absolute Net
Rent Per Square Feet
$7.63

Investment Highlights

  • About 7 Years Remaining on Lease Term with Five, 5-Year Options
  • Absolute Net Property - No Landlord Responsibilities
  • Strong Dollar General Corporate Lease Guarantee by Dollar General Corporation, Inc.
  • Dollar General S&P Credit Rating of BBB
  • This Dollar General is the only Franchise Chain in a 10-Mile Radius

Investment Overview

Marcus & Millichap presents for sale the Dollar General in Altamont, KS. This 9,100 SF property sits on 0.94 acres of land. The Dollar General was built in 2015 along the main thoroughfare through the city. The lease on the property is an Absolute Net lease, requiring no landlord responsibilities. There is a Corporate Guarantee with the lease, provided by Dollar General, who has an S&P Credit Rating of BBB. The City of Altamont itself is small, but it services the rural vicinity. Demographics in a 15-mile radius are over 20,000 people.

Exclusively Listed By

Broker of Record

  • Colby Haugness

    First Vice President Investments

    (816) 410-1010

    License(s): KS: 00241410

    Kansas

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