For Sale
$840,000

100 Fry St Yates Center, KS 66783

High-yield, single-tenant retail property.

Overview

Added:
Dec 11, 2024
Days on market:
132
This exceptional investment opportunity presents a fee-simple ownership of a 9,014-square-foot Dollar General store situated on a 0.99-acre lot at 100 N Fry St, Yates Center, Kansas, 66783. Built in 2008, this single-story building boasts a strong corporate guarantee from Dollar General, a company with a BBB investment-grade credit rating. The property generates a Net Operating Income (NOI) of $63,000, resulting in a 7.50% cap rate. The lease includes three 5-year options, ensuring long-term stability. This established store enjoys high visibility and traffic on a main thoroughfare, with minimal competition. Additional parking lot rent may be considered. This is a passive investment opportunity with significant potential for leveraged returns exceeding 12%. The property is a prime example of a high-performing, single-tenant retail asset in a desirable location.

Highlights

  • Free-standing, single-tenant building with established, long-term tenant on a major thoroughfare.
  • Investment-grade dollar store tenant (BBB credit rating), the largest small-box retailer with over 20,000 locations.
  • High-traffic location with excellent visibility and minimal competition.

Property Details for 100 Fry St

Property type
Retail properties, Grocery and convenience stores
Square Feet
9,014 SF
Year Built
2008
Buildings
1
Stories
1
Lot Size (sq. ft)
43,124 SF

Location Insight

City
Yates Center
County
Woodson
State
Kansas
Latitude
37.881370536301
Longitude
-95.73860569044

FAQs

What type of property is this?
Retail property - High-yield, single-tenant retail property.
Where is the retail property located?
The property is located at 100 Fry St Yates Center, KS.
What is the asking price?
The asking price for this property is $840,000.
What are key features of this property?
This property features: Free-standing, single-tenant building with established, long-term tenant on a major thoroughfare.; Investment-grade dollar store tenant (BBB credit rating), the largest small-box retailer with over 20,000 locations.; High-traffic location with excellent visibility and minimal competition.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
100 Fry St
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message