Dollar General for Sale in Kansas, IL
Kansas, IL
Key Investment Metrics
Price
$1,139,000
Cap Rate
6.8%
Net Operating Income
$77,985
Building Size
7489 SF
Land Area
1.74 Acres
Remaining Term
6.9 years
Lease Expiration
05/31/2033
Lease Term
16 years
Lease Commencement
05/17/2017
Lease Type
Absolute NNN
Tenant Credit
Credit Rated
Year Built
2018
Occupancy
100%
Tenancy
Single
Rent Increases
10% in Each Option
Property overview
Dollar General in Kansas
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 7,489 SF
- Land area
- 1.74 acres
- Year built
- 2018
- Lease type
- Absolute NNN
- Lease expiration
- 05/31/2033
Confirm current availability, pricing and lease terms through the inquiry form before relying on this listing.
Before you make an offer
Four things to verify
- 1
Lease and guaranty
Request the executed lease and amendments. Identify the legal tenant, guarantor and landlord obligations.
- 2
Income and expenses
Obtain the rent roll and operating statement supporting the advertised NOI and cap rate.
- 3
Property condition
Review survey, title, condition and environmental information relevant to this property.
- 4
Exchange requirements
For a 1031 exchange, confirm eligibility and deadlines with your qualified intermediary and tax adviser.