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Dollar General Plus / DG Market

108 N 9th St, Osage City, KS 66523

Listing Price: $1,583,000

Cap Rate
7.50%
Tenant Name
Dollar General
Years Remaining On Lease
4.4
Gross SF
12,406
Guarantor
Corporate Guarantee
Rentable SF
12,406
Price/Gross SF
$127.60
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$9.57

Investment Overview

Dollar General Corporation (NYSE: DG) has been delivering value to shoppers for over 84 years. Dollar General operates more than 20,000 stores in 48 U.S. states and employs more than 185,000 associates.

Osage City is the metropolis of Osage County in Kansas, with an estimated population of 2,800 within the city’s 3.29 square miles. The city is situated on level valley lands, on the north side of Salt Creek. The Atchison, Topeka, and Santa Fe Railroad passes through the central part of the city from northeast to southwest.

Investment Highlights

  • Absolute Triple-Net (NNN) Lease with a Corporate Guaranty by Dollar General
  • Subject Property is a Dollar General Plus / DG Market Location
  • Five Years Remaining on Lease Term with 10% Rental Increases in Each of Four, Five Year Renewal Options
  • 13,731 Residents in Trade Area - Topeka MSA
  • Average Household Income Exceeds $63,000 in the Surrounding Area
  • Located Along Kansas Highway 31 (N 9th Street), Osage City's Main East-West Thoroughfare
  • Relocation Store - Fully Remodeled by Dollar General Corporate in 2021 Showing Commitment to the Site
  • Strong Store Performance: Ranked in the Top 8 Percent of All Sites in Kansas and in the Top 15 Percent of All Sites Nationwide per Placer.ai

Broker of Record

  • Colby Haugness

    First Vice President Investments

    (816) 410-1010

    License(s) KS: 00241410

    Kansas

Financing By

Discount

Dollar General Plus / DG Market

Listing Price: $1,583,000

Cap Rate
7.50%
Tenant Name
Dollar General
Years Remaining On Lease
4.4
Gross SF
12,406
Guarantor
Corporate Guarantee
Rentable SF
12,406
Price/Gross SF
$127.60
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$9.57

Investment Highlights

  • Absolute Triple-Net (NNN) Lease with a Corporate Guaranty by Dollar General
  • Subject Property is a Dollar General Plus / DG Market Location
  • Five Years Remaining on Lease Term with 10% Rental Increases in Each of Four, Five Year Renewal Options
  • 13,731 Residents in Trade Area - Topeka MSA
  • Average Household Income Exceeds $63,000 in the Surrounding Area
  • Located Along Kansas Highway 31 (N 9th Street), Osage City's Main East-West Thoroughfare
  • Relocation Store - Fully Remodeled by Dollar General Corporate in 2021 Showing Commitment to the Site
  • Strong Store Performance: Ranked in the Top 8 Percent of All Sites in Kansas and in the Top 15 Percent of All Sites Nationwide per Placer.ai

Investment Overview

Dollar General Corporation (NYSE: DG) has been delivering value to shoppers for over 84 years. Dollar General operates more than 20,000 stores in 48 U.S. states and employs more than 185,000 associates. Osage City is the metropolis of Osage County in Kansas, with an estimated population of 2,800 within the city’s 3.29 square miles. The city is situated on level valley lands, on the north side of Salt Creek. The Atchison, Topeka, and Santa Fe Railroad passes through the central part of the city from northeast to southwest.

Broker of Record

  • Colby Haugness

    First Vice President Investments

    (816) 410-1010

    License(s): KS: 00241410

    Kansas

Financing By

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