For Sale
$1,583,000

108 9Th St Osage City, KS 66523

KS Grocery Store, High ROI

Overview

Added:
Dec 11, 2024
Days on market:
133
Exceptional investment opportunity: a 12,406 square foot Dollar General Plus/DG Market in Osage City, Kansas. This absolute NNN net lease property boasts a 7.50% cap rate and a strong corporate guarantee from Dollar General. The lease, commencing February 28, 2014, has a remaining term of approximately 4.3 years, with four, five-year renewal options including 10% rent increases. Built in 2014, this single-tenant property sits on a 1.31-acre lot at 108 N 9th St, Osage City, KS 66523, a prime location along Kansas Highway 31. The property's NOI is $118,697, with a price per square foot of $127.60 and an asking price of $1,583,000. The store, fully remodeled in 2021, is a relocation and expansion, demonstrating Dollar General's commitment to the community. This high-performing location ranks in the top 8% of all Dollar General sites in Kansas and the top 15% nationwide. The surrounding area has an average household income exceeding $63,000, and the trade area includes 13,731 residents. This is a rare opportunity to acquire a stable, high-performing retail asset with significant upside potential.

Highlights

  • Triple-Net (NNN) lease with corporate guarantee from Dollar General.
  • Dollar General Plus/DG Market location.
  • Five-year lease remaining with four, five-year renewal options at 10% rent increases each.
  • 13,731 residents in the Topeka MSA trade area.
  • Average household income over $63,000.
  • Located on Kansas Highway 31 (N 9th Street), Osage City's main east-west thoroughfare.

Property Details for 108 9Th St

Property type
Retail properties, Retail space
Square Feet
12,406 SF
Year Built
2014
Lot Size (sq. ft)
57,064 SF

Location Insight

City
Osage City
County
Osage
State
Kansas
Latitude
38.6354611
Longitude
-95.8190936

FAQs

What type of property is this?
Retail property - KS Grocery Store, High ROI
Where is the retail property located?
The property is located at 108 9Th St Osage City, KS.
What is the asking price?
The asking price for this property is $1,583,000.
What are key features of this property?
This property features: Triple-Net (NNN) lease with corporate guarantee from Dollar General.; Dollar General Plus/DG Market location.; Five-year lease remaining with four, five-year renewal options at 10% rent increases each.
How can I contact the broker?
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108 9Th St
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