Dollar General for Sale in Kenton, DE
Kenton, DE
Key Investment Metrics
Price
$1,706,000
Cap Rate
7.0%
Net Operating Income
$119,388
Building Size
9026 SF
Land Area
1.97 Acres
Remaining Term
8 years
Lease Expiration
06/30/2034
Lease Term
15 years
Lease Commencement
06/23/2019
Lease Type
Absolute NNN
Tenant Credit
Corporate Guarantee, Credit Rated
Year Built
2019
Occupancy
100%
Tenancy
Single
Rent Increases
10% Beginning Each Option Period
Property overview
Dollar General in Kenton
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 9,026 SF
- Land area
- 1.97 acres
- Year built
- 2019
- Lease type
- Absolute NNN
- Lease expiration
- 06/30/2034
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.